Professional Development Seminar: Using Survey and Banking Data to Measure Financial Wellbeing


From: Thursday August 23, 2018, 12:30 pm

To: Thursday August 23, 2018, 1:30 pm

Using Survey and Banking Data to Measure Financial Wellbeing

Abstract: An enormous research literature has considered and measured aspects of financial wellbeing. Although several self-reported metrics have been developed, none has been universally adopted, and none harnesses the advantages of linking data from customer financial records with self-reported information from personal responses. We conceptualise, develop, test, and validate multi-item scales of the financial wellbeing of the customers of a major Australian bank using self-reported survey data that are matched with the customers’ financial records. We develop scales using Item Response Theory models which produce two distinct, yet related, scales of financial wellbeing.

About the speaker

Professor David C. Ribar directs the Economic and Social Disadvantage Research Program at the Melbourne Institute: Applied Economic & Social Research at the University of Melbourne and is a chief investigator for the Australian Research Council Centre of Excellence for Children and Families over the Life Course. He is an internationally recognised expert on the causes and consequences of economic disadvantage, evaluating programs to alleviate disadvantage and foster self-sufficiency, and measuring and modeling wellbeing. His research has had numerous implications for policy, and he has been consulted by the Australian Department of Social Services, the state of Victoria, U.S. government agencies, and other organizations for advice. He has a Ph.D. in Economics from Brown University. Prior to joining the Melbourne Institute, he served as a faculty member at the University of North Carolina at Greensboro, The George Washington University, and the Pennsylvania State University and held one-year positions at the U.S. Census Bureau and the Administration for Children and Families.




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Level 1, 385 Bourke Street, Melbourne VIC 3000

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