Household Finances and the ‘Big Five’ Personality Traits

نویسندگان

  • Sarah Brown
  • Karl Taylor
چکیده

Household Finances and the ‘Big Five’ Personality Traits We explore the relationship between household finances and personality traits from an empirical perspective. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality traits on financial decisionmaking at the individual level focusing on decisions regarding unsecured debt acquisition and financial assets. Personality traits are classified according to the ‘Big Five’ taxonomy: openness to experience, conscientiousness, extraversion, agreeableness and neuroticism. We find that certain personality traits such as extraversion and openness to experience exert relatively large influences on household finances in terms of the levels of debt and assets held. In contrast, personality traits such as conscientiousness and neuroticism appear to be unimportant in influencing levels of unsecured debt and financial asset holding. Our findings also suggest that personality traits have different effects across the various types of debt and assets held. For example, openness to experience does not appear to influence the probability of having national savings but is found to increase the probability of holding stocks and shares, a relatively risky financial asset. JEL Classification: C24, D03, D14

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Uncovering the Relationship between EFL Teachers' Big Five Personality Traits and their Self-concept

The present study is an attempt to find out whether there is a significant relationship between EFL teachers’ Big Five personality traits and their self-concept. In addition, ittried to examine if there is any significant relationship between teachers' teaching experienceand their self-concept. 112 EFL teachers participated in this study. They were asked to complete NEO Five Factor Inventory an...

متن کامل

The Role of Psychological Traits in Market Mavensim Using Big Five Model

Personality research has approached a salient consensus step due to widespread use of individual differences, converging on five big model factors with marketing concept. This paper clarifies a market mavenism psychology concept and relates market mavens with big five factor model. Market Mavens are consumer which have tendency to become especially involved in the marketplace. The purpose of th...

متن کامل

The Relationship Between the Big Five Personality Traits with Depression : The Mediating Role of Self-esteem and Self-efficacy

Aim: The purpose of this study was to investigate the relationship between the five major traits of personality and symptoms of depression in students, with mediating role of self-esteem and self-efficacy. Methods: The research method was descriptive of correlational type. In order to select the sample, 400 students studying at Gonbadkavus Azad and State Universities were selected through clust...

متن کامل

Role of big five personality traits in obsessive-compulsive disorder and sleep quality among students

Obsessive-compulsive and sleep disorders are among the most common disorders in general population and therefore aim of present study was to determine role of personality traits in predicting obsessive-compulsive disorder and sleep quality among dormitory students. The participants included 277 university students that were selected randomly. Goldberg big five personality inventory-short form, ...

متن کامل

The Effect of the Big Five Personality Traits and Parental Education Levels on EFL Learners’ Achievement Scores

Among the contributing factors to learners’ performance, personality traits and levels of parents’ educa- tion have been taken into account in this research. Accordingly, 440 learners, mostly pre-intermediate and a small number of intermediate EFL learners with the age range of 18-25, studying atIAU East Tehran Branch participated in this study. They were asked to complete th...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2011