Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Wednesday, October 3 • 10:45am - 11:45am
G1b - Financial Self-Assessment and Households’ Well-Being in an Emerging Market

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This study investigates the financial self-assessment and households’ well-being using a national survey of 2,567 households in Turkey. We use households’ views on their ability to meet current living expenses in the short-term as well as their assessment for the retirement in the long-term. We also investigate how the sources of income are related to the financial well-being. Findings show that households’ daily concerns including the inability to meet short-term expenses including health care, daily living expenses (food and utilities), and the inability to maintain the existing living standard are highly significant factors in explaining their financial assessment. We also find that having enough income during the retirement and ability to find a job in the future when needed are positively related to financial well-being. Finally, when households’ income is from work, rental properties, family, and pension, they feel financially more secure.

Author(s): Halil Kiymaz, Belma Ozturkkal

avatar for Halil Kiymaz

Halil Kiymaz

Bank of America Professor of Finance, Rollins College

Wednesday October 3, 2018 10:45am - 11:45am CDT
Michigan 1A

Attendees (3)