Demographics and financial literacy (basic and advanced levels)
| IVs | Overall financial literacy | Basic financial literacy | Advanced financial literacy |
|---|---|---|---|
| (1) | (2) | (3) | |
| Gender (Male = 1) | 0.514* | 0.045* | 0.023 |
| (1.623) | (1.684) | (1.126) | |
| Age | 0.285* | 0.020 | 0.017* |
| (1.853) | (1.536) | (1.715) | |
| Education | 1.936*** | 0.119*** | 0.115*** |
| (5.184) | (3.787) | (4.700) | |
| Marital status (Married = 1) | −0.583* | −0.043 | −0.040* |
| (−1.651) | (−1.439) | (−1.726) | |
| Work experience | −0.087 | 0.012 | 0.002 |
| (−0.485) | (0.773) | (0.16) | |
| Explorer trait | 0.284 | 0.023 | 0.015 |
| (1.524) | (1.448) | (1.193) | |
| Intercept | 2.410*** | 0.152*** | 0.170*** |
| Adjusted R2 | 0.076 | 0.044 | 0.061 |
| F Change | 7.168*** | 4.428 | 5.826 |
| Df | 6 | 6 | 6 |
| IVs | Overall financial literacy | Basic financial literacy | Advanced financial literacy |
|---|---|---|---|
| (1) | (2) | (3) | |
| Gender (Male = 1) | 0.514* | 0.045* | 0.023 |
| (1.623) | (1.684) | (1.126) | |
| Age | 0.285* | 0.020 | 0.017* |
| (1.853) | (1.536) | (1.715) | |
| Education | 1.936*** | 0.119*** | 0.115*** |
| (5.184) | (3.787) | (4.700) | |
| Marital status (Married = 1) | −0.583* | −0.043 | −0.040* |
| (−1.651) | (−1.439) | (−1.726) | |
| Work experience | −0.087 | 0.012 | 0.002 |
| (−0.485) | (0.773) | (0.16) | |
| Explorer trait | 0.284 | 0.023 | 0.015 |
| (1.524) | (1.448) | (1.193) | |
| Intercept | 2.410*** | 0.152*** | 0.170*** |
| Adjusted | 0.076 | 0.044 | 0.061 |
| 7.168*** | 4.428 | 5.826 | |
| Df | 6 | 6 | 6 |
Note(s): ***: p < 1%; **: p < 5%, *: p < 10%. Dependent variable: financial literacy (overall, basic and advanced levels). t-test in the parenthesis. Method applied: OLS
Source(s): Authors’ own work