Professional Information

Assistant Professor

NFA 311

Voice: 605 688 5009

Fax: 605 688 4888

Electronic: rui.yao@sdstate.edu

Education

Ph.D. in Family Resource Management from The Ohio State University, August 2003

(Minor in Statistics, November 2002)

M.S.  in Family Resource Management from The Ohio State University, August 2001

LL.B. in International Relations from Qingdao University, China, July 1996

Primary Academic Interests

Risk Tolerance of Households

Household Retirement Adequacy
Household Portfolio Allocation
Patterns of Financial Ratio Guidelines   

Academic Responsibilities

Teaching

CA 345 Foundations in Financial Planning for Individuals and Families

CA 350 Family Financial Planning: Theory and Practice

CA 412 Strategies for Consumer Affairs Professionals

CA 494 Professional Internship

CA 450 Family Financial Planning – Applications

GS 340 Travel Studies

Service/Outreach

• University Entrepreneurship Committee, South Dakota State University, 2006
• Graduate Faculty Representative for graduate student exams, South Dakota State University, 2005 to present
• College Graduate Curriculum Committee, South Dakota State University, 2005 to present
• College Research Advisory Committee, South Dakota State University, 2004 to present
• Department Standards Task Force, South Dakota State University, 2006
• Department Social Committee, South Dakota State University, 2006 to 2007
• Department Graduate Committee, South Dakota State University, 2005 to present
• Department Search Committee, South Dakota State University, 2004
• Advisor of Chinese Student Association, South Dakota State University, 2005 to present
• Reviewer of the Journal of Psychological Reports, 2005 to present
• Reviewer of the Journal of Perceptual and Motor Skills, 2005 to present
• Reviewer of the Journal of Family and Economic Issues, 2005 to present
• Reviewer of the Journal of Personal Finance, 2005
• Reviewer of the Association of Financial Counseling and Planning Education Conference, 2004 to present
• Reviewer of the 2004 American Council on Consumer Interest Conference, the invited session
• Reviewer of the panel session for the 2004 Eastern Family Economics and Resource Management Association Conference
• Reviewer of the Journal of Financial Counseling and Planning, 2003 to present
• Student advisor, South Dakota State University, 2003 to present
• Reviewer of the 2003 Asian Consumer and Family Economics Association Conference
• College Curriculum Committee member, the College of Family and Consumer Sciences, South Dakota State University. 2003 to 2005.
• Research analyst for three 2002 and 2003 Profit Sharing/401k Council of America (PSCA) projects
• Associate editor of the journal Financial Counseling and Planning, 2001 – 2002
• Assistant editor of the journal Financial Counseling and Planning, 1999 – 2000

Professional Associations

• Association for Financial Counseling and Planning Education, 1999 to present
• Kappa Omicron Nu, National Honor Society, 2000 to present.
• American Council on Consumer Interests, 2002 to 2005

Faculty Advisory Roles

• Graduate Faculty Representative for gradate student exams

Recent Selected Publications and Presentations

Publications

Referred:

• Yin, B. & Yao, R. (2006). Consumption patterns of Chinese elders: Evidence from a survery in Wuhan, China. Journal of Family and Economic Issues, 27(4), 702-714
• Yao, R., Gutter, M. S. & Hanna, S. D. (2005). The financial risk tolerance of Blacks, Hispanics and Whites. Financial Counseling and Planning, 16(1), 51-62.
• Yao, R. & Hanna, S. D. (2005). The effect of gender and marital status on financial risk tolerance.  Journal of Personal Finance, 4(1), 66-85.
• Yao, R., Hanna, S. D. & Lindamood, S. (2004). Changes in financial risk tolerance, 1983-2001. Financial Services Review, 13(4), 249-266.
• Yao, R., Gutter, M. S. & Hanna, S. D. (2004). The effect of race/ethnicity on financial risk tolerance.  Proceedings of the Academy of Financial Services.
• Yao, R. & Hanna, S. (2004). The effect of gender and marital status on financial risk tolerance. Consumer Interests Annual, 50, 123-124.
• Yao, R. & Hanna, S. D. (2003). The capital accumulation ratio as an indicator of retirement adequacy. Financial Counseling and Planning, 14(2), 1-11.
• Hanna, S. D. & Yao, R. (2003). Optimization for households. Consumer Economics, 19(5), 60-64.
• Lai, W., Yao, R., & Hanna, S. D. (2003). Financial risk tolerance in the United States.  Proceedings of the 5th Conference of the Asian Consumer and Family Economics Association, Taipei, December 2003, p. 245.
• Yao, R. & Hanna, S. D. (2003). Has financial risk tolerance changed since 1983? Consumer Interests Annual, 49, 1-14.
• Yao, R. & Hanna, S. D. (2002). The investment asset ratio – A plausible replacement for the capital accumulation ratio? Proceedings of the Association for Financial Counseling and Planning Education, p. 66.
• Yao, R. (2002). The capital accumulation ratio as an indicator of retirement adequacy. Consumer Interests Annual, 48.
• Yao, R., Hanna, S. D., & Montalto, C. P. (2002).  Factors related to meeting the capital accumulation ratio guideline.  Financial Services Review, 11 (2), 153-171.
• Yao, R., & Hanna, S. D. (2001). An in-depth examination of the capital accumulation guideline with financial planning client households. Proceedings of the Association for Financial Counseling and Planning Education, p. 35.
• Yao, R., Hanna, S. D., & Montalto, C.P. (2001). Factors Related to Meeting the Capital Accumulation Ratio Guideline. Proceedings of the Academy of Financial Services, p. 23.
• Hanna, S., Gutter, M., Lovett, S., & Yao, R. (2000). Estimating the value of financial planning. Proceedings of the Association for Financial Counseling and Planning Education, p. 37.
• Lovett, S. & Yao, R. (2000). Do investors use the expected utility decision rule? Proceedings of the Association for Financial Counseling and Planning Education, 70-78.

Non-Referred:

• Yao, R. (2003). Patterns of financial risk tolerance: 1983 – 2001. Unpublished dissertation, The Ohio State University, Columbus, Ohio.
• Hanna, S., Garman, E. T., & Yao, R. (2003, June). Projected retirement adequacy of workers ago 50 to 61: Changes between 1998 and 2001 report to the Profit Sharing/401(k) Council of America, http://www.psca.org/DATA/retireAdeq/study2.pdf
• Hanna, S. D. & Yao, R. (2003). Risk tolerance. In Vitt, L. A. (Ed.) Encyclopedia of Retirement and Finance. Greenwood Press, 2, 685-689.
• Yao, R. (2001). The capital accumulation ratio as an indicator of retirement adequacy. Unpublished thesis, The Ohio State University, Columbus, Ohio.

Book Review:

• Yao, R. (2006). [Review of the book Consumer Economics: The Consumer in our Society by Zelenak, M. & Reiboldt, W.] Journal of Family and Economic Issues, 27(4), 152-154 

Presentations

• Yao, R. & Hanna, S. (2004). The effect of gender and marital status on financial risk tolerance. American Council on Consumer Interests, Washington DC, April. (Presented by Yao)
• Yao, R., Gutter, M. S. & Hanna, S. D. (2004). The effect of race/ethnicitiy on financial risk tolerance. Proceedings of the Academy of Finanical Services. (Presented by Hanna)
• Hanna, S. D. & Yao, R. (2003). When is risk tolerance important? Presentation to the Morningstat Investment Conference, June 27. (Presented by Hanna).
• Yao, R. & Hanna, S. (2003). Has financial risk tolerancce changed since 1983? American Council on Consumer Interests, Atlanta, April (Presented by Yao)
• Hanna, S. D. & Yao, R. (2003). The risk tolerance of Americans. Presentation to the Columbus Chapter of the Ohio Society of CPAs Personal Financial Planning Forum. April 1. The presentation by Hanna was an updated and expanded version of the Feb. 11 presentation.)
• Hanna, S. D. & Yao, R. (2003). The risk tolerance of Americans. Presentation to the Financial Planning Association of Central Ohio. February 11. (Presented by Hanna and Yao).
• Yao, R., Hanna, S, & Montalto, C. (2002). Is the capital accumulation ratio a good indicator of retirement adequacy? American Council on Consumer Interests, University City, April. (Presented by Yao).
• Lovett, S. & Yao, R. (2000). Do investors use the expected utility decision rule? Association for Financial Counseling and Planning Education, St. Louis, November.  (Presented by Yao).