Table 5 Description of the variables
Name | Description |
|---|---|
Savings | ‘Savings’ is made up of one binary item (yes/no): ‘can you usually put money aside every month?’ |
Debt | ‘Debt’ is made up of nine binary items (yes/no): ‘at the moment, do you have the following: (i) one or several overdue bills; (ii) one or several overdrawn accounts; (iii) one or several negative balances on your credit cards; (iv) a loan from a bank or an entity that provides small-scale credits; (v) a loan from your family; (vi) a loan from your friends; (vii) leasing for a vehicle; (viii) instalments of a payment agreement that are ongoing; (ix) a purchase on credit that is ongoing.’ A single ‘yes’ on the part of a respondent is sufficient for the individual to be considered as indebted/having a debt |
Overdue bill(s) | ‘Overdue bill(s)’ corresponds to item (i) of ‘debt’ |
Leasing | ‘Leasing’ corresponds to item (vii) of ‘debt’ |
Types of education | 01) No school education 02) Primary school 03) Secondary school 04) Elementary professional training 05) Apprenticeship, professional training 06) Vocational school 07) Higher commercial school 08) Professional baccalaureate 09) School with baccalaureate exam. 10) Higher professional training (with diploma) 11) Higher technical/management school 12) University of applied, teacher training 13) University/polytechnic |
Level of education (low)—elementary education | Types of education (01–04) |
Level of education (medium)—Professional training | Types of education (05–11) |
Level of education (high)—tertiary education | Types of education (12–13) |