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Budgeting and Gender: Employees and Self‐Employed
Author(s) -
Georgieva Vanya,
Nitani Miwako,
Riding Allan
Publication year - 2021
Publication title -
family and consumer sciences research journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.372
H-Index - 31
eISSN - 1552-3934
pISSN - 1077-727X
DOI - 10.1111/fcsr.12398
Subject(s) - theory of reasoned action , finance , action (physics) , business , actuarial science , accounting , psychology , social psychology , physics , quantum mechanics
Budgeting, an exemplar of good financial practices, informs financial decisions. This research employs the Theory of Reasoned Action to identify potential antecedents of individuals’ decisions to maintain a budget. Analysis of the 2014 Canadian Financial Capability Survey (CFCS) shows that the likelihood of budgeting depends on attitudes toward finance, reliance on professional advice, financial knowledge, and confidence. Women are relatively more likely to budget than men, but self‐employed individuals are no more likely to have a budget than paid employees. The latter result is consistent with research findings of high rates of failure among young enterprises. The need for yet greater financial education is implied.