Skip to main content

Table 4 Multilevel binary logistical regression analyses for savings and indebtedness

From: Culture, money attitudes and economic outcomes

  Savings Debt Overdue bill(s) Leasing
Exp(B) Sig. Exp(B) Sig. Exp(B) Sig. Exp(B) Sig.
Sex: 0 = woman, 1 = man .650 .000 1.070 .676 1.001 .996 1.011 .973
Age: 0 = 26–30 years, 1 = 18–25 years 2.005 .000 .631 .007 .679 .141 1.075 .807
Nationality: 0 = foreign, 1 = Swiss 1.844 .017 .583 .036 .508 .079 .338 .000
Residence: 0 = rural, 1 = urban 1.026 .845 .781 .098 .932 .679 .975 .922
Linguistic region: ref. German-speaking
 French-speaking region .529 .000 1.617 .000 1.868 .001 2.770 .000
 Italian-speaking region 1.200 .132 1.510 .000 .841 .340 5.779 .000
Income level: ref. below CHF 1000 per month
 From CHF 1000 to CHF 2000 per month 1.697 .003 1.372 .148 .871 .684 1.634 .538
 From CHF 2001 to CHF 3000 per month 1.826 .013 1.092 .789 .643 .370 .876 .867
 From CHF 3001 to CHF 4000 per month 4.496 .000 1.400 .161 .519 .220 3.032 .275
 From CHF 4001 to CHF 5000 per month 7.614 .000 1.198 .602 .506 .279 2.920 .239
 From CHF 5001 to CHF 6000 per month 16.433 .000 .702 .342 .538 .391 2.909 .265
 From CHF 6001 to CHF 7000 per month 74.339 .000 .549 .078 .098 .000 1.552 .684
 From CHF 7001 to CHF 8000 per month 28.492 .000 1.021 .965 .427 .238 2.874 .296
Composition of the household: ref. with two parents
 With the mother .602 .018 2.028 .001 3.205 .000 2.079 .130
 Alone .196 .000 2.865 .000 2.422 .007 4.612 .002
 As a couple .245 .000 2.228 .000 1.178 .732 2.171 .004
 As a couple, with child(ren) .421 .034 2.872 .000 .766 .534 6.492 .001
 Other .298 .000 1.876 .002 2.335 .006 2.297 .113
Level of education: ref. high (tertiary education)
 Low (elementary education) .560 .185 1.577 .341 3.140 .001 6.557 .003
 Medium (professional training) .926 .774 1.713 .001 2.279 .004 4.261 .001
Main activity: ref. in education
 Working (full-time and part-time work) 1.613 .179 .808 .426 1.882 .180 2.081 .382
 Other (unemployed, home management and disability) 1.247 .535 1.191 .542 5.161 .000 .944 .934
Axis 1: prestige–power attitude; standardised variable 1.011 .865 1.155 .042 1.224 .006 1.260 .126
Axis 2: economical management attitude; standardised variable 1.094 .266 .942 .320 .742 .001 .910 .299
Axis 3: goal-oriented attitude; standardised variable 1.082 .218 1.059 .387 1.046 .589 .884 .206
  1. Note: Significant results (p value<.05) are in bold. Estimation method is MLE (maximum likelihood estimation). Variables are described in the Appendix