Papers by Tansel Yilmazer
Predictors of Treatment Engagement Among Suicidal Youth Experiencing Homelessness
Community Mental Health Journal, 2021
Homeless youth experience high rates of suicidal ideation and attempts, yet limited research has ... more Homeless youth experience high rates of suicidal ideation and attempts, yet limited research has examined predictors of treatment engagement among this population. Suicidal homeless youth (N = 150) between the ages of 18 and 24 years were recruited from a drop-in center in Columbus, Ohio. Participants were randomly assigned to Cognitive Therapy for Suicide Prevention + treatment as usual through a local drop-in center (CTSP + TAU) (N = 75) or TAU alone (N = 75), and treatment attendance among those assigned to CTSP + TAU was examined in this study. As expected, among youth engaged in CTSP + TAU, those with a history of intimate partner violence (IPV) showed decreased odds of treatment attendance. Additionally, youth randomized into CTSP + TAU with higher acquired capability for suicide (ACS) scores and those identifying as Black were more likely to attend treatment sessions. Findings suggest that effective treatment implementation must consider youth’s trauma history, demographics and severity of suicidal ideation and behaviors.
International Journal of Consumer Studies
The purpose of this study is to examine the effects of professional financial advice (PFA) and se... more The purpose of this study is to examine the effects of professional financial advice (PFA) and self-control ability on saving behaviors, as well as the interaction of PFA and self-control on saving behaviors. Professional financial advisors can use their financial expertise to help households make financial decisions, especially for those who lack financial literacy. Professional financial advisors may help households achieve better self-control in implementing financial plans, such as recommending commitment devices. The contribution of this study is to investigate saving behaviors by considering professional financial advice and self-control together. I extend the dual-self model of impulse control and derive three hypotheses from the theoretical model. The first hypothesis is that people with higher levels of self-control save more than those with lower levels of self-control. The second hypothesis is that professional financial advice has a positive effect on saving behaviors. The third hypothesis is that people with lower levels of self-control benefit more from getting PFA than those with higher levels of self-control.
Wealth Management While Dealing with Memory Loss
Journal of Family and Economic Issues
Employment and Other Income Sources Among Homeless Youth
The journal of primary prevention, Jan 12, 2018
Homeless youth report high rates of unemployment. While homeless serving agencies usually offer e... more Homeless youth report high rates of unemployment. While homeless serving agencies usually offer employment services, most homeless youth are disengaged from homeless service agencies, and a limited number of studies have examined employment and other income sources among service disconnected youth. Our study examined income sources and change in income among service disconnected youth, all of whom received Strengths-Based Outreach and Advocacy (SBOA, N = 79). Findings revealed that over time employment and legal income from non-survival behaviors increased (e.g., governmental assistance and receiving income from friends and relatives), while income from survival behaviors decreased (e.g., prostitution, stealing, selling possessions, selling blood or plasma). Although unemployment among these youth remained high (62%), income from survival behaviors reduced most drastically. Findings also suggest that employment is linked to housing stability and mental health, as is substance use an...
The impact of adverse health events on consumption: Understanding the mediating effect of income transfers, wealth, and health insurance
Health Economics
We reexamine the role of relationships in the overall loan granting process. A practical implicat... more We reexamine the role of relationships in the overall loan granting process. A practical implication emerging from classical studies on the role of relationships in credit rationing is that good relationships between borrower and lender should, in fact, work to lower the interest rate charged to the borrower. We test this implication in our paper using a robust sample selection methodology that accounts for the entire fabric of the loan granting process, including a borrower's decision to apply to the bank for a loan (or not), whether a bank approves the application for a loan (or not), and the loan rate it chooses for the borrower -all within a unified framework. Our model also explicitly includes the analysis of discouraged borrowers (i.e., those who do not apply for loans because they believe they will be rejected), which is an issue not tackled in the extant literature. We find that relationships matter only in the first and second decision stages of the loan process, i.e., in a borrower's decision whether to apply for a loan and in the loan approval/rejection decision by the financial institution. Relationships, however, are not important in determining the loan rate associated with the approved loan once the sample selection bias in the loan process is appropriately accounted for. Our conclusions are robust to the nature of loans (collateralized or otherwise) and borrowers (small businesses or individual families).
Conference Series Proceedings, Feb 1, 2005
The purpose of the study is to investigate determinants of Internet banking adoption based on an ... more The purpose of the study is to investigate determinants of Internet banking adoption based on an individual's benefits and costs of adopting Internet banking. Using data from the 2001 Survey of Consumer Finances, this paper estimates an adoption model for Internet banking. Our findings show that consumers' ability, attitude and opportunity cost of time play a significant role on the decision of adopting Internet banking. Younger and well-educated consumers are more likely to adopt Internet banking. However, when individual's age associated with the level of education, the age effect varies across education groups. Among people with a low educational background, the effect of age on the probability of adopting Internet banking is hump-shaped. However, among people with a higher educational background, the probability of using Internet banking decreases with age. This study also investigates differences across households that use checks, ATM or debit card, direct payment and Internet banking as the payment methods. Our findings show that there are significant differences in terms of the demographics of these households that use different payment methods. The results of our study will help banks and financial institutions to implement successful distribution strategies and consumer educators to guide consumers on how better to use banking services.
National Tax Journal, 2009
Households who save in anticipation of their child's college expenses reduce their child's eligib... more Households who save in anticipation of their child's college expenses reduce their child's eligibility for financial aid. The penalty of reduced financial aid eligibility acts as an implicit tax on household assets. However, retirement assets and home equity are excluded from computations of financial aid, thus are exempt from financial aid tax. Households can diminish the marginal financial aid tax rate by moving funds into retirement plans or by increasing their home equity. Using the 2001 Survey of Consumer Finances, our purpose is to investigate the effect of the college financial aid rules on household portfolio choice. Our results show that households who have higher marginal tax rates have higher retirement assets and home equity compared to taxable financial assets. However, the marginal financial aid tax rate does not have a significant adverse effect on the total amount of taxable financial assets. The results are robust across different model specifications.
The impact of diminished housing wealth on health in the United States: Evidence from the Great Recession
Social Science & Medicine, 2015
The sharp decline in home values in many industrialized and developing countries was one of the m... more The sharp decline in home values in many industrialized and developing countries was one of the most evident facets of the global economic recession of 2008. Using data from the Panel Study of Income Dynamics (PSID) for 2007-2011, this study examines how the decline in housing wealth affected the psychological and physical health and health-related behaviors of 4007 U.S. households who were homeowners in 2007. We focus on two mechanisms that could account for how the drop in housing wealth affects health: increase in stress and negative changes in health-related behaviors. Controlling for the changes in non-housing wealth and employment status during the recession, the decline in housing wealth is associated with a small but statistically significant increase in psychological distress. Psychological health deteriorates more as the housing wealth relative to total wealth decreases. Finally, homeowners who have difficulties with mortgage payments report substantial increases in psychological distress and have higher rates of depression. These findings, combined with limited evidence of the change in health-related behaviors, suggest that the increase in stress is the main cause of the adverse health outcomes.
The Role of Lending Practices on the Foreclosure Crisis: Evidence from Indiana and Ohio
Household saving behavior, portfolio choice and children: evidence from the Survey of consumer finances
The Profile and Determinants of Household Saving
Southern Economic Journal, 2005
Using data from the Survey of Consumer Finances, this study examines the relationship between hea... more Using data from the Survey of Consumer Finances, this study examines the relationship between health status and financial strain controlling for the dual endogeneity between the two factors. Simultaneous two-stage probit models are estimated for self-reported health status and three measures of financial strain. The results from all three models indicate that poor health significantly increases the probability of financial strain. There is little evidence that financial strain contributes to poor health. The findings suggest that severe health conditions may result in larger financial burdens while large financial burdens are unlikely to accelerate a decline in health status. In the end, health may be contributing to widening financial disparities, especially among the poor who are in poor health.
SSRN Electronic Journal, 2000
Past studies that examine gender differences in investment decisions have treated married househo... more Past studies that examine gender differences in investment decisions have treated married households as a single decision-making unit. This study improves upon traditional unitary bargaining models and estimates a series of unitary and collective-type models to investigate how a husband's age and relative control over financial resources affects the allocation of assets in women's defined contribution plans. Using data from the Survey of Consumer Finances, the results show that women who are married to less educated and older men are less likely to take on risk with their portfolios. Women who earn a greater share of the household's total earnings are also less likely to invest in risky assets. There is little evidence that the characteristics of the wife affect the husband's investment decisions. The findings have important policy implications, especially with respect to proposed Social Security reforms which would enable workers to choose how their personal security accounts are invested. (JEL J16, D81, G11)
The Impact of Financial Development on Homeownership and Housing in Emerging Economies: Evidence from Turkey
Review of Middle East Economics and Finance, 2000
The goal of this paper is to investigate how financial development affects homeownership and hous... more The goal of this paper is to investigate how financial development affects homeownership and housing quality. We construct a measure of regional financial development using data from the Survey of Consumer Finances in Turkey. Specifically, we estimate regional effects on the ...
Portfolio choice and risk attitudes: a household bargaining approach
Review of Economics of the Household, 2013
ABSTRACT The goal of this study is to understand how the households decide on portfolio asset all... more ABSTRACT The goal of this study is to understand how the households decide on portfolio asset allocation when the husband and wife have different risk preferences. Using data from the Health and Retirement Study for 1992–2006, we show that the share of risky assets in portfolios of two-person households increases with the risk tolerance of the spouse who has more bargaining power. The risk tolerance of the spouse who has less bargaining power does not seem to affect the share of household wealth allocated to risky assets. These results are consistent with a cooperative bargaining framework where the investment in risky assets depends on the bargaining power of the more risk tolerant spouse.
Precautionary Savings Against Health Risks: Evidence From the Health and Retirement Study
Research on Aging, 2014
The precautionary savings model predicts that households accumulate wealth to self-insure against... more The precautionary savings model predicts that households accumulate wealth to self-insure against unexpected declines in future income and unforeseen expenditures. The goals of this study are twofold. First, we investigate whether the near-elderly who face higher health risks save more. Second, we examine the factors that contribute to health risks that the near-elderly face. We use data from the Health and Retirement Study to construct two measures of health risks. Our results do not support the hypothesis that household savings increase with the health risks that they face. Individuals who confront higher health risks in the future are those who are already in fair or poor health status or those who have a health condition such as diabetes or lung disease. Lower earnings and high medical expenditures caused by current poor health status prevent households from accumulating savings for future health adversities.
Journal of Family and Economic Issues, 2008
This paper examines the effect of children's college expenses on household savings. The theoretic... more This paper examines the effect of children's college expenses on household savings. The theoretical model introduces life-cycle savings into the quality-quantity model of fertility and derives predictions for the impact of expected expenses on parents' savings. Using the actual amount of parents' financial support reported in the Survey of Consumer Finances, the empirical model estimates the expected expenditures on children's college education and investigates the effect of expected expenditures on parents' savings. The results show that parents' support for each of their children's college expenses decreases with the number of children. The results are consistent with the predictions of the life-cycle theory of saving and consumption that households save in advance for expected expenses to smooth their consumption.
Journal of Family and Economic Issues, 2010
The purpose of this study is to investigate the effect of family decision-making on the investmen... more The purpose of this study is to investigate the effect of family decision-making on the investment choices of married women and men. Using data from the Survey of Consumer Finances, we estimate a collective bargaining model to examine how the bargaining power and relative life-cycle stage of the husband affect the allocation of assets in women's defined contribution plans. The results show that married women who have more control over the financial resources in the household are less likely to invest in risky assets. Also, women who are married to relatively older men are less likely to take on risk with their portfolios. However, the effect of the age difference between the husband and wife depends on the bargaining power of the spouses. There is little evidence that the characteristics of the wife affect the husband's investment decisions. The findings have important policy implications, especially with respect to proposed Social Security reforms that would enable workers to choose how their personal security accounts are invested. (JEL J16, D81, G11)
Journal of Family and Economic Issues, 2010
This paper integrates relevant literature and the Sustainable Family Business Model regarding int... more This paper integrates relevant literature and the Sustainable Family Business Model regarding interchange of financial resources between family and business. Two distinct literatures on the use of owner resources in small businesses are examined: the intermingling of business and household resources from the family firm literature and financial bootstrapping studies from the small business finance literature. What has not been addressed in both literatures about the use of owner resources is discussed and the risks that owner resource bootstrapping and intermingling may place on the household and the business are considered. Recommendations and propositions for future research are suggested. To fully understand the makeup and success of household financial portfolios and family businesses, it is important to understand the use of owner resources in a holistic manner.
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Papers by Tansel Yilmazer