Featured Research

from universities, journals, and other organizations

Poor physical, financial health driven by same factors

Date:
July 1, 2014
Source:
Washington University in St. Louis
Summary:
Poor physical health and financial health are driven by the same underlying psychological factors, finds a new study. Researchers found that the decision to contribute to a 401(k) retirement plan predicted whether or not an individual will act to correct poor physical health indicators revealed during an employer-sponsored health examination.

Poor physical health and financial health are driven by the same underlying psychological factors, finds a new study out of the Olin Business School at Washington University in St. Louis.

Related Articles


Researchers Lamar Pierce, PhD, associate professor of strategy at Olin and PhD-candidate Timothy Gubler found that the decision to contribute to a 401(k) retirement plan predicted whether or not an individual will act to correct poor physical health indicators revealed during an employer-sponsored health examination.

"We find that existing retirement contribution patterns and future health improvements are highly correlated," the study says. "Those who save for the future by contributing to a 401(k) improved abnormal health test results and poor health behaviors approximately 27 percent more than non-contributors."

Gubler and Pierce outline their findings in a new paper "Healthy, Wealthy, and Wise: Retirement Planning Predicts Employee Health Improvements," which appeared June 30 in the journal Psychological Science.

In the paper, Gubler and Pierce provide evidence that insufficient retirement funds and chronic health problems are at least partially driven by the same time discounting preferences.

Gubler and Pierce studied use personnel and health data from eight industrial laundry locations in multiple states. They found the previous decision of an employee to forego immediate income and contribute to a 401(k) retirement plan predicted whether he or she would respond positively to the revelation of poor physical health.

Gubler and Pierce wanted to compare 401(k) contributors and non-contributors on how much they were willing to change a health risk. Employees were given an initial health screening. Ninety-seven percent of them had at least one abnormal blood test and 25 percent had at least one severely abnormal finding.

They were told of the results, which were sent to the worker's personal physicians. Workers also were given information on risky health behaviors and anticipated future health risks.

The researchers followed the laundry workers for two years to see how they attempted to improve their health, and if those changes were tied to financial planning.

After controlling for differences in initial health, demographics and job type, the researchers found that retirement savings and health improvement behaviors are highly correlated.

Those who had previously chosen to save for the future through 401(k) contributions improved their health significantly more than non-contributors, despite having few health differences prior to program implementation.


Story Source:

The above story is based on materials provided by Washington University in St. Louis. The original article was written by Neil Schoenherr. Note: Materials may be edited for content and length.


Journal Reference:

  1. T. Gubler, L. Pierce. Healthy, Wealthy, and Wise: Retirement Planning Predicts Employee Health Improvements. Psychological Science, 2014; DOI: 10.1177/0956797614540467

Cite This Page:

Washington University in St. Louis. "Poor physical, financial health driven by same factors." ScienceDaily. ScienceDaily, 1 July 2014. <www.sciencedaily.com/releases/2014/07/140701165212.htm>.
Washington University in St. Louis. (2014, July 1). Poor physical, financial health driven by same factors. ScienceDaily. Retrieved March 3, 2015 from www.sciencedaily.com/releases/2014/07/140701165212.htm
Washington University in St. Louis. "Poor physical, financial health driven by same factors." ScienceDaily. www.sciencedaily.com/releases/2014/07/140701165212.htm (accessed March 3, 2015).

Share This


More From ScienceDaily



More Health & Medicine News

Tuesday, March 3, 2015

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Mom Triumphs Over Tragedy, Helps Other Families

Mom Triumphs Over Tragedy, Helps Other Families

AP (Mar. 3, 2015) After her son, Dax, died from a rare form of leukemia, Julie Locke decided to give back to the doctors at St. Jude Children&apos;s Research Hospital who tried to save his life. She raised $1.6M to help other patients and their families. (March 3) Video provided by AP
Powered by NewsLook.com
Looted and Leaking, South Sudan's Oil Wells Pose Health Risk

Looted and Leaking, South Sudan's Oil Wells Pose Health Risk

AFP (Mar. 3, 2015) Thick black puddles and a looted, leaking ruin are all that remain of the Thar Jath oil treatment facility, once a crucial part of South Sudan&apos;s mainstay industry. Duration: 01:13 Video provided by AFP
Powered by NewsLook.com
Woman Convicted of Poisoning Son

Woman Convicted of Poisoning Son

AP (Mar. 3, 2015) A woman who blogged for years about her son&apos;s constant health woes was convicted Monday of poisoning him to death by force-feeding heavy concentrations of sodium through his stomach tube. (March 3) Video provided by AP
Powered by NewsLook.com
Treadmill Test Can Predict Chance Of Death Within A Decade

Treadmill Test Can Predict Chance Of Death Within A Decade

Newsy (Mar. 2, 2015) Johns Hopkins researchers analyzed 58,000 heart stress tests to come up with a formula that predicts a person&apos;s chances of dying in the next decade. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Health & Medicine

Mind & Brain

Living & Well

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins