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Dr. Sharon DeVaney
Sharon A. DeVaney, Ph.D.
Professor
Purdue University
Department of Consumer Sciences and Retailing
812 W. State Street
West Lafayette, IN 47907-2060
sdevaney@purdue.edu
Phone: 765-494-8300
Fax: 765-494-0869

Education
| Research Interests | Courses | Research Publications & Results | Grants
Awards from Professional Organizations | Awards for Outstanding Research Papers

Education Ph.D. The Ohio State University
Major: Family Resource Management
Minors: Marketing and Sociology
Dissertation Title: An empirical analysis of the predictive value of household financial ratios

BS and MS South Dakota State University
Home Economics Education Minor in Science

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Research Interests Retirement planning, retirement income security, the self-employed, baby boomers, consumer credit
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Courses Taught Recently

Undergraduate:

  • Retirement Planning and Employee Benefits
  • Ethics and Compliance in Financial Planning
  • Internship in Financial Planning

Graduate:

  • Social Policy and the Economics of Aging
  • Seminar in Consumer Credit
  • Introduction to Research in Consumer Sciences and Retailing
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Recent Research Publications and Results Retirement and succession planning of farm families. Funded by USDA-CSREES and NEFE

21st Century Initiative in Distance Education. Funded by Purdue University Cooperative Extension Service

  • DeVaney, S. A. & Bechman, J. C. (2001). Planning for a secure retirement with distance learning. Financial Counseling and Planning, 12 (1), 1-8.

  • Planning for a Secure Retirement co-authored with Janet C. Bechman.

Job satisfaction of recent graduates in financial services.

DeVaney, S. A. & Kim, H. (2003). Older self-employed workers and planning for the future. The Journal of Consumer Affairs, 37 (1), 101-120.

DeVaney, S. A. & Chen, Z. (2003). The accumulation of net worth as workers approach retirement. Journal of Personal Finance, 2(1), 54-77.

DeVaney, S. A. & Kim, H. (2003). Women’s knowledge of their pension plans. Journal of Family and Consumer Sciences, 95(2), 19-25.

Chen, Z. & DeVaney, S. A. (2002). What factors affect the net worth of employees and business owners? Financial Services Review, 11(4), 381-391.

DeVaney, S. A. & Chien, Y. (2002). Children’s education as the most important savings goal. Journal of Family and Consumer Sciences, 94 (1), 64-70.

Bieker, R., DeVaney, S.A. & Chen, Z. (2001). Determinants of employment among older Americans. Financial Counseling and Planning, 12(2), 33-42.

DeVaney, S. A. & Zhang, T. C. (2001). A cohort analysis of the amount in defined contribution and Individual Retirement Accounts. Financial Counseling and Planning, 12 (1), 89-102.

Castellani, G. & DeVaney, S. A. (2001). Borrowing to cover living expenses: A profile of potentially risky consumer behavior. Family Economics and Nutrition Review, 13(2) 12-20.

DeVaney, S. A. & Chien, Y. (2001). A model of savings behavior and the amount saved in retirement accounts. Journal of Financial Service Professionals, Vol. LV, No. 2 (March), 72-80.

Kim, H. & DeVaney, S.A. (2001). The determinants of outstanding balances among credit card revolvers. Financial Counseling and Planning, 12 (1), 67-77.

Chien, Y. & DeVaney, S. A. (2001). The influence of credit attitude and socioeconomic factors on credit card and installment debt. The Journal of Consumer Affairs, 35(1) 162-179.

DeVaney, S. A. & Chien, Y. (2000). Participation in retirement plans: A comparison of the self-employed and wage and salary earners. Compensation and Working Conditions, 5(4), Winter, 31-36.

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Grants

USDA-CSREES: Retirement and Succession Planning of Farm Families

National Endowment of Financial Education: Retirement and Succession Planning of Farm Families

AARP Andrus Foundation: Financial Preparation for Retirement: A Comparison of Self-employed and Wage-and-salary Workers.

NIA: Interdisciplinary Research on Life Course Inequality

USDA: Food Safety of Home-delivered Meals to Older Americans

International Association of Financial Planning: Role of Trust and Commitment in Financial Planner and Client Relationships

Purdue Research Foundation: Who Is At Risk for Lack of Retirement Planning?

Purdue Gerontology Program: Retirement Planning of the Self-employed
Agriculture Research Program: Development of a Financial Ratio Based Model to Identify Indiana Retail Firms at Risk of Business Failure

Phi Upsilon Omicron Alumni Research Award: Alternatives for Financing Long-Term Care: What Do Families Know?

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Awards
Professional Organizations:
 2002Research Award. Family Economics Resource Management Division of the American Association of Family and Consumer Sciences. Presented at the annual conference in Dallas, TX on June 24.
 2001Mid-Career Award. The American Council of Consumer Interests. Presented at the annual conference in Washington, DC, on April 6.
 2000Mary Ellen Edmondson Educator of the Year Award. The Association of Financial Counseling and Planning Education. Presented at the annual conference in St. Louis, MO, on Nov. 17, 2000.
 1996New Leader Award. The Ohio State University, College of Human Ecology Alumni Society.
 1993Outstanding Dissertation, Ohio Home Economics Association.
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Outstanding Research Papers:
 2002Outstanding Conference Paper, Certified Financial Planner TM Award. “Factors affecting housing cost burden.” Proceedings of the Association of Financial Counseling and Planning Education, 68-69.
 1999Outstanding Journal Article, Financial Counseling and Planning. “Antecedents of trust and commitment in the financial planner-client relationship,” 9(1), 1-10.
 1997Outstanding Academic Research Paper, Certified Financial Planner TM Board. “Retirement savings of nonfarm self-employed workers: An exploratory study.” Consumer Interests Annual, 43, 58-63.
 1997Outstanding Academic Research Paper, Certified Financial Planner TM Award. “Predictors of most important source of retirement income,” Compensation & Working Conditions, 2(3), 25-31.
 1995Outstanding Journal Article, Financial Counseling and Planning. “The usefulness of financial ratios as predictors of household insolvency: Two perspectives,” 5, 5-24.
 1995Best Research Paper, American Collegiate Retailing Association. “Predicting business failures in retailing: An analysis using mixed industry models,” ACRA Proceedings, 1, 17-30.
 1994Best Paper Award, Certified Financial Planner™. “Financing elder care: Alternatives for the financial counselor-planner,” Proceedings of the Association of Financial Counseling and Planning Education, 12, 217-236.
 1993Outstanding Paper, Graduate Research Forum, The Ohio State University, “An exploratory study of parents who pay for child care.”
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