Sherman D. Hanna, selected downloadable publications

Sherman D. Hanna, downloadable papers

Note, all of these papers are copyright, by AFCPE, other organizations, or Sherman Hanna and various coauthors. Use of the materials in these papers is subject to the Fair Use Doctrine on the U.S. Copyright Laws.

Kim, G. J. & Hanna, S. D. (2017). Do self-control measures affect saving behavior? Journal of Personal Finance, in press.

Hanna, S. D., Zhang, L., & Kim, K.T. (2016). Do worker expectations of never retiring indicate a preference or an inability to plan? Journal of Financial Counseling and Planning, accepted for publication.

Hanna, S.D., & Kim, K. T. (2016). Treatment of inflation in retirement planning. Journal of Financial Planning, 30 (1), 44-53.

Hanna, S. D., & Kim, K. T. (2016). Household ratio guidelines for the amount of investments. Financial Services Review, 25 (3), 265-279.

Hanna, S. D., Kim, KT, & Chen, S. C.-C. (2016). Retirement savings, in J. Xiao, Handbook of Consumer Finance Research, Springer Publishing, 2nd edition, pp. 33-43.

Kim, K., & Hanna, S.D. (2016). The severity of the impact of the stock market crash of 2008-2009 on the wealth of U.S. workers. Journal of Financial Planning, February, 52-58.

Shin, S. H. & Hanna, S.D. (2016). Accounting for complex sample designs in analyses of the Survey of Consumer Finances. Journal of Consumer Affairs, published online, DOI: 10.1111/joca.12106.

Hong, E.O. & Hanna, S.D. (2016). Did households’ time preference change due to the Great Recession? Applied Economics Letters, published online, DOI: 10.1080/13504851.2015.1133887.

Kim, K. T. & Hanna, S. D. (2015). Does financial sophistication matter in retirement preparedness? Journal of Personal Finance, 14 (2), 9-20.

Heckman, S. J. & Hanna, S. D. (2015). Individual and institutional factors related to low-income household saving behavior. Journal of Financial Counseling and Planning. 26 (2), 187-199.

Kim, KT & Hanna, S. D. (2015). Do U.S. households perceive their retirement preparedness realistically? Financial Services Review, 24, 139-155.

Hanna, S.D., Lee, J., & Lindamood, S. (2015). Financial behavior and attitudes of Asians compared to other racial/ethnic groups in the U.S. Journal of Family and Economic Issues, 36 (3), 309-318, DOI 10.1007/s10834-015-9447-2.

Lee, J.M. & Hanna, S. D. (2015). Savings goals and saving behavior in the context of Maslow’s hierarchy of needs. Journal of Financial Counseling and Planning. 26 (1), 129-147.

Shin, S. H. & Hanna, S.D. (2015). Decomposition analyses of racial/ethnic differences in high return investment ownership after the Great Recession. Journal of Financial Counseling and Planning, 26 (1), 43-62.

Hong, E.O. & Hanna, S.D. (2014). Financial planning horizon: A measure of time preference or a situational factor? Journal of Financial Counseling and Planning, 25 (2), 174-196.

Lee, E. & Hanna, S.D. (2014). Gender differences of Asian college students’ financial knowledge pathways. Asian Women, 30 (2), 27-55.

Hanna, S.D. & Kim, K. (2014) Time preference assumptions in normative analyses of household financial decisions. Applied Economics Letters, 21(9), 609-612, DOI:10.1080/13504851.2013.879274.

Kim, K., Hanna, S.D., & Chen, S. C.-C. (2014). Consideration of retirement income stages in planning for retirement. Journal of Personal Finance, 13(1), 52-64.

Fang, M.C., Hanna, S.D., & Chatterjee, S. (2013). The impact of immigrant status and racial/ethnic group on differences in responses to a risk aversion measure.  Journal of Financial Counseling and Planning, 24(2), 63-76.

Hanna, S.D., Guillemette, M., & Finke, M. S. (2013). Assessing risk tolerance.  , pp. 99-120. In H. Kent Baker and Greg Filbeck (Eds.) Portfolio Theory and Management, Oxford University Press, New York.

Letkiewicz, J.C., & Hanna, S.D. (2013). The impact of stock and real estate returns on the propensity of households to meet the capital accumulation ratio guidelineJournal of Financial Counseling and Planning, 24 (1), 34-44.

Lee, J. & Hanna, S.D. (2012). Limitations of combining Hispanics and African-Americans for analysis of credit problems. Journal of Consumer Affairs, 46 (3), 506-536.

Hanna, S.D., Yuh, Y. & Chatterjee, S. (2012). The increasing financial obligations burden of U.S. households: Who is affected? International Journal of Consumer Studies, 36 (5), 588–594.

Ji, H. & Hanna, S.D. (2012). Factors
related to the financial vulnerability of small business owner-manager households
, Journal of Personal Finance, 11(1), 49-77.

Kim, E., Hanna, S.D., Chatterjee, S., & Lindamood, S. (2012). Who
among the elderly owns stocks? The role of cognitive ability and bequest motive
. Journal of Family and Economic Issues, 33
(3), 338-352.

Mountain, T.P., & Hanna, S.D. (2012). Negative net worth and the Life Cycle Hypothesis. Proceedings of the
Academy of Financial Services
.

Hanna, Sherman D. (2011). The demand for financial planning services Journal of Personal Finance, 10 (1), 36-62.

Son, J. & Hanna, S. D. (2011). The relation between internet use and financial planner use for savings and investment decisions. Proceedings of the Academy of Financial Services.

Lim, H.N., Hanna, S. D., & Montalto, C.M. (2011). Consumer optimism and saving behavior. Proceedings of the Academy of Financial Services.

Hanna, S. D., Ji. H., Lee, J., Son, J., Letkiewicz, J., Lim, H., & Zhang, L. (2011). Content
analysis of Financial Services Review.
Financial Services Review, 20 (3), 237-251.

Lindamood, S. & Hanna, S. D. (2010). A tale of two analyses: The need for standardized reporting in qualitative research. Proceedings of the Academy of Financial
Services
.

Hanna, S. D., & Lindamood, S. (2010). Quantifying the economic benefits of personal financial planning. Financial Services Review, 19 (2), 111-127.

Hanna, S. D., Wang, C., & Yuh, Y. (2010). Racial/ethnic differences in high return investment ownership: A decomposition analysis. Journal of Financial Counseling and Planning, 21 (2), 44-59.

Ji, H., Hanna, S. D., Lawrence, F.C., & Miller, R. K. (2010). Two decades of the Journal of Financial Counseling and Planning. Journal of Financial Counseling and Planning, 21 (1), 4-14.

Yuh, Y. & Hanna, S. D.(2010). Which
households think they save?
Journal of Consumer Affairs, 44 (1), 70-97.

Schuchardt, J., Hanna, S. D., Hira, T. K., Lyons, A. C., Palmer, L., & Xiao, J. J. (2009). Financial
literacy and education research priorities
. Journal of Financial Counseling and Planning, 20 (1), 84-95.

Hanna, S. D. & Lindamood, S. (2008). The decrease in stock ownership by minority households. Journal of
Financial Counseling and Planning
, 19 (2), 46-58.

Hanna, S. D., Waller, W., & Finke, M. (2008). The concept of risk tolerance in personal financial planning. Journal
of Personal Finance
, 7 (1), 96-108.

Wang, C. & Hanna, S. D. (2007). The risk tolerance and stock ownership of business owning households
Financial Counseling and Planning. 18 (2), 3-18.

Lindamood, S., Hanna, S. D., & Bi, L. (2007). Using the Survey of Consumer Finances: Methodological considerations and issues. Journal of Consumer Affairs, 41 (2), 195-214.

Lee, J. & Hanna, S. D. (2007). Changes in credit attitudes among U.S. Consumers: 1992-2004. International Journal of Human Ecology, 8(1), 79-94.

Lee, J. & Hanna, S. D. (2007). Attitudes
toward using credit for loss of income
. Consumer Interests Annual, 53, 59-72.

Cho, S. H., Fang, M.-C., & Hanna, S. D. (2007). Who has emergency related savings goals? Consumer Interests Annual, 53, 223-230.

Hanna, S. D. & Lindamood, S. (2006). Subjective assessment of emergency fund adequacy. Proceedings of the Academy of Financial Services.

Rha, J.-Y. , Montalto, C. P., & Hanna, S. D. (2006). The
effect of self-control mechanisms on household saving behavior.
Financial Counseling and Planning, 17 (2), 1-16

Hanna, S. D. & Lindamood, S. (2005). Risk
tolerance of married couples
. Proceedings of the Academy of Financial Services.

Lindamood, S., & Hanna, S. D. (2005). Determinants
of the wife being the financially knowledgeable spouse
. Proceedings of the Academy of Financial Services.

Yao, R. & Hanna, S.D. (2005). The
effect of gender and marital status on financial risk tolerance
. Journal of Personal Finance, 4 (1), 66-85.

Yao, R., Gutter, M.S., & Hanna, S.D. (2005). The
financial risk tolerance of Blacks, Hispanics and whites
. Financial Counseling and Planning, 16 (1), 51-62.

Hanna, S. D. & Lindamood, S. (2004).An
improved measure of risk aversion
. Financial Counseling and Planning, 15 (2), 27-38.

Yao, R., Hanna, S. D., & Lindamood, S. (2004). Changes
in financial risk tolerance, 1983-2001
. Financial Services Review, 13 (4), 249-266.

Lai, C. W. & Hanna, S. D. (2004).Are
the portfolios of older worker households efficient?
Journal of Personal Finance, 3(4), 101-117.

Hanna, S. D. (2004). Panel
on teaching ethics: Ethics and financial planning: An economic analysis
Consumer Interests Annual, 50, 145-146.

Kim, S. & Hanna, S. D. (2003). Saving
lives: International comparisons of the potential benefits of automobile safety cost to reduce accidental death
. Consumer Interests Annual, 49.

Hanna, S. D., & Lindamood, S. (2004). The investment risk tolerance of same-sex couples.  Proceedings of the Academy of Financial Services.

Yao, R., Hanna, S. D., & Montalto, C. P. (2003). The capital accumulation ratio as an indicator of retirement adequacy.
Financial Counseling and Planning, 14 (2), 1-11. 

Hanna, S. D., Gutter, M. S., & Fisher, P. J. (2003). Risk aversion and the elasticity of marginal utility with respect to consumption, Consumer Interests Annual, 49http://ssrn.com/abstract=2621994

Moon, S. J., Yuh, Y., & Hanna, S. D. (2002). Financial
ratio analysis of Korean households
Family and Consumer Sciences Research Journal, 30(4), 496-535.

Hanna, S. D., Gutter, M. S.& Fan, J. X.(2001). A measure of risk tolerance based on economic theory. Financial
Counseling and Planning
, 12(2), 53-60.

Montalto, C. P., Yuh, Y., & Hanna, S. (2000). Determinants
of planned retirement age
. Financial Services Review,
9(1), 1-15.

Hanna, S., Malroutu, L. , Xiao, J. J., & Lindamood, S. (2000). Who wants to be a millionaire: Can low income households invest their way to wealth?  Proceedings of the Alternative Perspectives On Finance Conference, Fifth Biennial Conference, Dundee University, Dundee, Scotland, July 2000. (Published on CD-Rom.)  
Hanna, S & Rha, J.-Y. (2000). The effect of household size changes on credit use: An expected utility approach. Consumer Interests Annual, 46, 121-126.

Hanna, S. & Chen, P. (1999). Small
stocks versus large: It’s how long you hold that counts
. AAII Journal, XXI (6), 26-27.

Hanna, S. & Gutter, M. (1999). Using real client households in a financial planning class. Proceedings of the Association for Financial Counseling and Planning Education, 193.

Hanna, S., & Gutter, M. (1999). How well do client households estimate expenses? Proceedings of the Academy of Financial Services, 9.

Fan, J. X., Lee, J., & Hanna, S. (1998). Are apparel trade restrictions regressive? Journal of Consumer Affairs, 32 (2), 252-274.

Sung, J. & Hanna, S. (1998).
The spouse effect on
participation and investment decisions for retirement funds

Financial Counseling
and Planning
, 9(2),
47-58.

Yuh, Y., Hanna, S., &
Montalto, C. P. (1998). Mean
and pessimistic projections of retirement adequacy
. Financial
Services Review
,
7(3), 175-193.

Yuh, Y., Montalto, C. P. & Hanna, S. (1998). Are
Americans prepared for retirement?
Financial Counseling and
Planning
, 9 (1), 1-12.

Chen, P., Hanna, S., & Montalto, C. (1998; March). Which
Comes First? The Saving Decision or the Investment Decision?

paper presented at the Midwest Finance Association, Chicago.

Hanna, S. & Chen, P. (1997). Subjective and objective risk tolerance: Implications for optimal portfolios.
Financial Counseling and Planning, 8(2), 17-26.

Wang, H. & Hanna, S. (1997). Does risk tolerance decrease with age? Financial Counseling and Planning, 8 (2), 27-31.

Lee, J., Hanna, S., Mok, C. F. J., & Wang, H. (1997). Apparel
expenditure patterns of elderly consumers: A life-cycle consumption model
. Family and Consumer Sciences Research Journal, 26(2), 109-140.

Chang, Y.R., Hanna, S. & Fan, X.J. (1997). Emergency fund levels: Is household behavior rational? Financial
Counseling and Planning
, 8 (1), 47-55.

Lee, S., Hanna, S. & Sirigar, M. (1997). Children’s
college as a saving goal
. Financial Counseling and Planning,
8(1), 33-36.

Yuh, Y. & Hanna, S. (1997). The
demand for risky assets in retirement portfolios
. Proceedings
of the Academy of Financial Services
.

Chen, P., Hanna, S., & Grable, J. E. (1997). Employee
personal retirement plan asset allocation: The case for 100% stocks
. Personal Finances and Worker Productivity, 1 (1), 211-215.

Sung, J. & Hanna, S. (1996). How does risk tolerance affect IRA contribution and choice of IRA investment types? Proceedings of the Academy of Financial Services.

Sung, J. & Hanna, S. (1996). Factors related to risk tolerance, Financial Counseling and Planning,
7, 11-20.

Sung, J. & Hanna, S. (1996). Factors related to household risk tolerance: An ordered probit analysis.
Consumer Interests Annual, 42, 227-228.

Hanna, S., DeVaney, S. & Martin, A. (1996). Using a computer simulation game to teach family time use concepts. Journal of Family and Economic Issues, 17 (3/4) .

Chen, P. & Hanna, S. (1996). Optimal
retirement portfolios for investors under 35
. Proceedings of the Academy of Financial Services.

Hanna, S., Chang, Y.R. & Fan, X.J. (1995). Optimal life cycle savings, Financial Counseling and Planning, 5,
1-15.

Lee, H. & Hanna, S. (1995). Investment portfolios and human wealth, Financial Counseling and Planning, 5, 147-152.

Sung, J. & Hanna, S. (1995).
Do financial professionals help people build net worth? Evidence from a panel study.
Proceedings of the Association for Financial Counseling and Planning Education, 203-212.

Hanna, S. & Wang, H. (1995). The
adequacy of emergency funds to cover household expenditures
. Consumer Interests Annual, 41, 224-225.

Wang, H., Mok, C. F. J. & Hanna, S. D. (1994). Are
the consumption patterns of elderly households consistent with a life cycle model?
Asia Pacific Advances in Consumer Research, I,
237-245.

DeVaney. S. & Hanna, S. (1994). The effect of marital status, income, age and other variables on insolvency in the U.S.A. Journal of Consumer Studies and Home Economics, 18, 293-303.

Chang, Y. R. & Hanna, S. (1994). Determinants of household expected real income growth in the U.S.A. Journal of Consumer Studies and Homes Economics, 18, 315-329.

Hanna, S., Wang, H., & Lindamood, S. (1994). Do
elderly households have rational financial plans? Evidence from consumer expenditure data
. Proceedings of the Association for
Financial Counseling and Planning Education
, 272-288.

Oh, D.-H., Oleson, B. & Hanna, S. (1994). Factors
influencing urban rental budget shares
. Consumer Interests Annual, vol. 40, 314-321.

Sung, J., Park, S. & Hanna, S. (1994). Determinants
of expenditures on child care
. Consumer Interests Annual, vol. 40, 322-327.

Hanna, S., Chang, Y. R., Fan, J. X. & Bae, M. K. (1993). Emergency fund levels of households: Is household behavior rational? In T. Mauldin (Ed.), Proceedings of the 39th Annual Conference of the American Council on Consumer Interests (pp. 215-222). Columbia, MO: ACCI.

Bae, M., Hanna, S. and Lindamood, S. (1993). Patterns of overspending in U.S. households, Financial Counseling and Planning, 4, 11-30.

Fan, X.J., Chang, Y.R. & Hanna, S. (1993). Real income growth and optimal credit use. Financial Services
Review
, 3(1), 45-58.

Bae, M.K., Chang, Y.R., Hanna, S., Lindamood, S. & Martin, A. (1993). Overspending: Three approaches. Proceedings of the Association for Financial Counseling and Planning Education, 17-19.

Bae, M., Hanna, S. & Jayathirtha, C. (1993). Tobacco
consumption patterns: implications for consumer education
. Proceedings of The American Council on Consumer Interests 38th Annual Conference. 201-206.

Chang, Y.R. & Hanna, S. (1992). Consumer
credit search behavior
. Journal of Consumer Studies and Home
Economics
, 16, 207-227.

Fan, X.J., Chang, Y.R. & Hanna, S. (1992). Optimal
credit use with uncertain income.
Financial Counseling and
Planning
, 3, 125-132.

Fan, X.J. & Hanna, S. (1992). Consumer
bankruptcy: Rational risk-taking or mistake?
Proceedings of the
Association for Financial Counseling and Planning Education
,
107-119.

Lee, H.K. and Hanna, S. (1992). Savings
patterns after retirement
. Proceedings of the Southeastern
Regional Association for Family Economics-Home Management
,
118-127.

Hanna, S. (1991).
An expert systems application for optimal credit use. Proceedings of the Southeastern Regional Association for Family Economics- Home Management Conference, pp. 75-82.

Hanna, S. (1990). Development
of expert systems software for consumers
. American Council on Consumer Interests Proceedings, p. 286.

Hanna, S. (1989). Profit
and the consumer interest
. Advancing the Consumer Interest,
1, 12-13.

Hanna, S. (1989). Risk aversion and optimal insurance deductibles. American Council
on Consumer Interests Proceedings
, 141-147.

Hanna, S. (1989). Optimization
for family resource management
. Proceedings of the Southeastern Regional Association for Family Economics-Home
Management Conference
, 4-16.

Hanna, S. & Prather, C. (1989). Net worth over the life cycle. Proceedings of the Family Economics-Home Management Section of AHEA, Preconference, 12-21.

Hanna, S., Lee, H.K. & Prather, C. (1989). Human capital over the life cycle. Proceedings of the Family Economics-Home Management Section of AHEA, Preconference, 203-204.

Hanna, S. (1988). A decision matrix program. American Council on Consumer Interests Proceedings, 144

Hanna, S. (1987). Discussion of ‘historical perspectives on housing research: foci, methods and
contributions’
, in Ruth E. Deacon and Wallace E. Huffman (eds.), Human Resources Research, 1987-1987: Proceedings, 88-90.

Carter, L., Andrus, D. & Hanna, S. (1986). The effects of demographic characteristics on consumer information periodical readership and financial knowledge. Journal of Consumer Studies and Home Economics, 10, 139-150.

Hanna, S. & Carter, L. (1986). An analysis of interaction effects of demographic characteristics on food away from home spending. Proceedings of the American Council of Consumer Interests, 196-203.

Hanna, S. (1984). The impact of high rent expenditures on other consumer expenditures. Housing and Society, 11, No. 3, 136-148.

Wagner, J. & Hanna, S. (1983). The effectiveness of family life cycle variables in consumer expenditure research. Journal of Consumer Research, 10 (3), 281-291.

Hanna, S. (1983). Family spending norms. Proceedings of the American Council on Consumer Interests, 311-316.

Hanna, S. & Lindamood, S. (1981). Components of housing satisfaction among urban residents. Proceedings of the American Association of Housing Educators, 24-26.

Hanna, S. & Lindamood, S. (1980). Analysis of state fire death rates using stepwise regression. Proceedings of the American Association of Housing Educators.

Hanna, S. (1978). Correction: Evaluation of energy saving investments. Journal of Consumer Affairs, 13 (1), 138-139.

Hanna, S. (1978). Evaluation of energy saving investments. Journal of Consumer Affairs, 12 (1), 63-75.

Hanna, S. (1975). A framework for analyzing the effects of interest rates on purchases of
consumer durables
. Proceedings of the American Association of Consumer Interests, 49-58.




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