Thomas Korankye, Ph.D., CFP®

Thomas Korankye, Ph.D., CFP®

Assistant Professor, Personal & Family Financial Planning
Thomas K

McClelland Park Room 301G
650 N Park Ave
Tucson, Arizona 85721-0078

(520) 621-7572
korankye@arizona.edu
Pronouns:
He, Him, His

https://sites.arizona.edu/thomas-korankye/

Degree(s)

  • Doctor of Philosophy in Personal Financial Planning, Texas Tech University, Texas.
  • Master of Science in Finance, Texas Tech University, Rawls College of Business, Texas.
  • Master of Science in Personal Financial Planning, Texas Tech University, Texas.
  • Master of Science in International Fisheries Management, University of Tromsø, Norway.
  • Degree of Master in Finance, University of Skӧvde, Sweden.
  • Bachelor of Science in Administration (Banking and Finance option), First Class Honors, University of Ghana, Accra.
Subjects Taught
  • Retail Financial Services.
  • Applied Family Investment Planning and Savings Strategies.
Select Publications

Korankye, T., & Pearson, B. (2023). Managing Household Finances: How Engaging in Financial Management Activities Relates to the Experiential Well-Being of Americans. Journal of Risk and Financial Management, 16(2), 132. https://doi.org/10.3390/jrfm16020132 

Korankye, T., Pearson, B., Salehi, H. (2023). Financial advice use and saving for children’s college education: A propensity score matching approach. Journal of Financial Counseling and Planning, 34(1), 96-111. https://doi.org/10.1891/JFCP-2021-0069.

Korankye, T., Pearson, B. (2022). The nexus between investor sophistication and annuity insurance ownership: Evidence from FINRA’s National Financial Capability Study. Managerial Finance.    https://doi.org/10.1108/MF-04-2022-0169   

Pearson, B. & Korankye, T. (2022). The association between financial literacy confidence and financial satisfaction. Review of Behavioral Finance.  https://doi.org/10.1108/RBF-03-2022-0090

Korankye, T., & Lartey J. K. S. (2022). The subjective well-being of self-employed persons: National survey evidence from Ghana. Journal of Economic and Administrative Sciences. https://www.emerald.com/insight/content/doi/10.1108/JEAS-12-2021-0248/full/html  

Pearson, B., Qing, D., & Korankye, T. (2022). The role of financial relativity in loss aversion sensitivity. Empirical Economics Letters. 21(8).

Korankye, T. (2021). Taking out a student loan for your child can hurt your own financial well-being. The Conversation, December 17, 2021. https://theconversation.com/taking-out-a-student-loan-for-your-child-can-hurt-your-own-financial-well-being-172939

Pearson, B., Korankye, T. & Salehi, H. (2021). Comparative advantage in the household: Should one person specialize in a household’s financial matters? Journal of Family and Economic Issues. 1-11. https://doi.org/10.1007/s10834-021-09807-y

Korankye, T. & Kalenkoski, M. C. (2021). Student debt and financial well-being of the borrower: Does it matter whom the debt is for? Journal of Personal Finance, 20(2), 75-89. Available at SSRN: https://ssrn.com/abstract=4055654

Kalenkoski, C. M., Anuarbe, M. L. & Korankye, T. (2021). Differences in the experiential well-being of Hispanics and non-Hispanics engaged in elder care. Journal of Family and Economic Issues, 1-10. https://doi.org/10.1007/s10834-021-09763-7

Korankye, T. & Kalenkoski, M. C. (2021). Determinants of parents’ college education saving decisions. Journal of Personal Finance, 20(1), 8-25. Available at SSRN: https://ssrn.com/abstract=4055633

Korankye, T. & Kalenkoski, C. M. (2021). The effect of households’ student debt on life satisfaction. Journal of Family and Economic Issues, 42(4), 757-772. https://doi.org/10.1007/s10834-021-09753-9

Kalenkoski, M. C. & Korankye, T. (2021). Enriching lives: How spending time with pets is related to the experiential well-being of older Americans. Applied Research in Quality of Life, 1-22. https://doi.org/10.1007/s11482-020-09908-0

Korankye, T., & Guillemette, M. (2020). Student debt and stock-ownership decisions of U.S. households. Applied Economics Letters. https://doi.org/10.1080/13504851.2020.1757026      

Kalenkoski, C. M, Lyford, C., Korankye, T., Gavin, M., and Peiris, A. N. (2020). Vitamin D, cognitive function and gait speed in older adults - A NHANES Study. Journal of Population Ageing.  https://doi.org/10.1007/s12062-020-09291-6

Recent Accomplishments

National Endowment for Financial Education/Knology Financial Education Database Training Fellowship. May 2022 – September 2022.

Recipient of the 2021 Academy of Financial Counseling and Planning Education (AFCPE®) Outstanding Symposium Research Award, with co-authors Blain Pearson and Hossein Salehi.