Matz, SC;
Gladstone, JJ;
Nice guys finish last: When and why agreeableness is associated with economic hardship.
Journal of Personality and Social Psychology
10.1037/pspp0000220.
(In press).
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Abstract
Recent research suggests that agreeable individuals experience greater financial hardship than their less agreeable peers. We explore the psychological mechanisms underlying this relationship and provide evidence that it is driven by agreeable individuals considering money to be less important, but not (as previously suggested) by agreeable individuals pursuing more cooperative negotiating styles. Taking an interactionist perspective, we further hypothesize that placing little importance on money – a risk factor for money mismanagement – is more detrimental to the financial health of those agreeable individuals who lack the economic means to compensate for their predisposition. Supporting this proposition, we show that agreeableness is more strongly (and sometimes exclusively) related to financial hardship among low-income individuals. We present evidence from diverse data sources, including two online panels (n1=636, n2=3,155), a nationally-representative survey (n3=4,170), objective bank account data (n4=549), a longitudinal cohort study (n5=2,429), and geographically aggregated insolvency and personality measures (n6=332,951, n7=2,468,897).
Type: | Article |
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Title: | Nice guys finish last: When and why agreeableness is associated with economic hardship |
Location: | United States |
Open access status: | An open access version is available from UCL Discovery |
DOI: | 10.1037/pspp0000220 |
Publisher version: | https://doi.org/10.1037/pspp0000220 |
Language: | English |
Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
Keywords: | Agreeableness, Financial Health, Income, Negotiation style, Money attitudes. |
UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management |
URI: | https://discovery.ucl.ac.uk/id/eprint/10070462 |
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