Brooklyn Stephens of Northern Kentucky University, an economics student and Center for Economic Education scholar, received the best undergraduate paper at the 2021 Kentucky Economic Association Undergraduate Research Conference.
Stephens’ paper, Money keeps me awake at night: an analysis of financial anxiety in the United States identifies demographic groups that may suffer from heightened financial anxiety.
The research study serves as a first step in the process of identifying policy avenues to alleviate the burden in the lives of individuals, which will improve financial and general well-being.
Stephens said she chose the topic because it is relevant but also under-researched.
“There is little existing literature on this topic,” Stephens said. “However, the available sources clearly indicate that financial anxiety can have a multitude of negative effects such as the increased likelihood of depressive and / or anxiety disorder, decreased student academic performance, and decreased voter turnout. , especially among people living in poverty. “
Stephens is the second NKU economics student to win the award in the past three years. Dakota Langhals won the award in 2018 for her research on the effect of predatory lending laws on mortgage prices and closing rates.
“Winning the award for best paper was something I never expected, but one that means so much to me,” said Stephens. “I am very grateful to the Center for Economic Education for giving me the opportunity to work on this research and learn something new. ”
“I am extremely proud of Brooklyn and its efforts,” said Dr. Abdullah Al-Bahrani, director of the Center for Economic Education. “It is a rewarding experience to see the students tackle difficult tasks and succeed. While I had no doubts about his abilities, this recognition by the Kentucky Economic Association is a validation for Brooklyn of his abilities and a testament to the work of our economics department. We focus on the development of students by providing them with career development experiences.
The Center for Economic Education at Haile College of Business increases knowledge about economics and personal finance in the region. It focuses on educating educators and engaging the community through relevant educational experiences, striving to be a resource for the local community, as economic education and financial literacy are critical to the success of our region.
To learn more about the Center for Economic Education, visit nku.edu/academics/cob/centers/cee.