Core Faculty Jorge Zumaeta, Senior Director of Continuing Education and Adjunct in the Department of International Business at Florida International University, recently published an article in the Journal of Risk and Financial Management.
The study examined social preference parameters and financial decision-making among welfare recipients in Miami, Florida, comparing their behaviors to those of college students. By analyzing attitudes such as self-interest, altruism, trust, and reciprocity, the research tested whether welfare populations make financial decisions differently from the general population.
Findings show that welfare recipients exhibited patterns of financial decision-making similar to the control group, challenging common assumptions and offering important implications for economists and policymakers in designing more effective workforce development policies.
Read the full article here: Social Preference Parameters Impacting Financial Decisions Among Welfare Recipients