Carol Elliott | June 9, 2020
University of Notre Dame researcher Emily Garbinsky won an “early career” award for her paper examining how couples pool their money and the effect on spending.
Garbinsky, assistant professor of marketing at Notre Dame’s Mendoza College of Business, and co-author Joe Gladstone of University College London received the C.W. Park Award for Best Paper by an Early Career Contributor. Their paper, “The Consumption Consequences of Couples Pooling Finances,” was published in the July 2019 issue of the Journal of Consumer Psychology (JCP).
The Park Award is given to the best refereed paper published in JCP by an early career contributor in the past year.
The paper showed how partners buy different products depending whether they use joint or separate bank accounts. Sixty-four percent of Americans pool all their money with their spouse, while 22% take a hybrid approach and keep both joint and separate accounts. Despite the predominance of having at least one combined account, research shows that most spending decisions are still made independently.
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