Financial Responsibility, Personality Traits and Financial Decision ...

Table 6: Interaction effect analysis for internal locus of financial control and chance construct
i nternal locus chance construct
self-reported savers observed savers self-reported savers observed savers
Interaction with gender (male) 0.0755 0.0603 0.130 -0.123
(0.166) (0.159) (0.153) (0.147)
Interaction with age (older than 60 years) -0.0457 -0.0296 -0.0776 0.0399
(0.0473) (0.0446) (0.0623) (0.0581)
Interaction with children (household with children) 0.0320 0.00718 0.0521 -0.125
(0.180) (0.190) (0.169) (0.181)
Interaction with high incomeˆ1 -0.396* -0.597 -0.0501 0.0855
(0.222) (1.013) (0.209) (0.195)
Interaction with born into rich family -0.162 0.221 -0.151 0.116
(0.181) (0.214) (0.176) (0.166)
Interaction with parents saved for education -0.00228 0.0537 -0.00954 -0.134***
(0.0345) (0.179) (0.0469) (0.0448)
Interaction with pocket money -0.0643 -0.110*** -0.00613 0.120
(0.158) (0.0336) (0.149) (0.146)
Interaction with good in mathematics -0.0724 -0.163 0.188 0.0210
(0.181) (0.153) (0.162) (0.155)
Interaction with keeps up with financial news 0.0833 0.150 0.0795 0.0718
(0.249) (0.178) (0.219) (0.210)
Interaction with keep tight administration 0.0362 -0.333 0.102 0.135
(0.178) (0.231) (0.167) (0.157)
Interaction with financial literacy (score is 5 or higher) -0.201 0.168 0.211 0.0879
(0.225) (0.163) (0.213) (0.198)
Interaction with religious 0.104 -0.433** 0.0666 0.162
(0.159) (0.210) (0.151) (0.146)
Interaction with leftwing voters 0.433** -0.0570 -0.0158 0.0695
(0.188) (0.154) (0.167) (0.171)
Interaction with positive economic expectations 0.0271 -0.0335 0.355** 0.0455
(0.159) (0.180) (0.149) (0.151)
Interaction with risk taker 0.218 -0.365** -0.416 0.389
(0.288) (0.160) (0.265) (0.241)
30
R2-adjusted 0.1770 0.1326 0.1780 0.1290
Observations 1,438 1,438 1,438 1,438