Best Family Financial Well-Being Student Paper Award

2022 Recipient

D.B. Allsop, McKay Boyack, Jeff Hill, Christoffer Loderup, Joshua Timmons 
“When parenting pays off: Influences of parental financial socialization on children’s outcomes in emerging adulthood. Journal of Family and Economic Issues"


The Best Family Financial Well-Being Student Paper Award is a way to recognize outstanding emerging scholars in family financial well-being and to increase awareness of and participation in NCFR’s Family Financial Well-Being Focus Group.



The student or new professional receives a certificate from NCFR. The award is presented at the Family Financial Well-Being Focus Group meeting at the NCFR Annual Conference.



  • The award is based on a paper that is fully published (i.e. not merely online advance articles) in one of the peer-reviewed journals included on a list maintained by the Family Financial Well-Being Focus Group in the calendar year prior to the conference.

  • Acceptable formats include empirical papers, reviews, and theory papers.

  • The student or new professional must be a member of NCFR.

  • The scholarship must have started while the award recipient was enrolled as an undergraduate or graduate student.

  • Consideration should be given to the number of publications, research quality, and order of authorship. In situations where peer-reviewed publications cannot be used to make an award, consideration may be made for other types of scholarship that are expected to contribute to future publications such as grant activity, NCFR presentations, significant data collection, or exceptional work in student honors papers, theses, or dissertations.


Nomination/Application Process

Family Financial Well-Being Focus Group members canvas each journal that may contain high-quality scholarship which substantively addresses both family and economic/financial content. NCFR verifies current membership status of all student authors on nominated papers. Nominated papers that qualify are ranked by a smaller panel of judges affiliated with the focus group and the highest-ranked paper wins the award. Committee chairs notify the student and, when appropriate, that student’s major professor to coordinate receipt of the award.

Note that nominators recommend 2-3 of the best papers from each journal which specializes in family financial well-being (i.e. The Journal of Family and Economic Issues) and canvassers identify all qualifying papers from the remaining journals on the list (including NCFR journals). This ensures a larger pool of papers to be cross-checked for authors’ NCFR membership, and boosts the potential for identifying outstanding student/new professionals.


Deadline for Application

June 1: Nomination deadline. Submit all materials to the Family Financial Well-Being Focus Group co-chairs Clinton G. Gudmunson and Xiaohui "Sophie" Li.

July 31: The recipient is notified by this date