Determinants of Role Structure in Family Financial Management

Abstract

Variables determining the role of husband and wife in family financial management are explored based on in-home, personal interviews. Financial tasks reflecting implementation activities and two groupings of decision activities were related to component-score variables through discriminant function analysis. Sex-role attitude and educational level were most important in determining the role structure of implementation tasks. Locus of control, wife's working status and reasons for work, and a measure of family life cycle were each significant in determining role structure for a grouping of decision tasks.