Table 8 Determinants of rural household...

Table 8

Determinants of rural household saving in Nayagarh district: dependent variable: total household saving (monthly)

Independent variable	Coefficient	t-value	p-value	Decision
Constant	1215.356	0.461	0.646	Accepted
Total number of household members	−447.843	−0.772	0.442	Accepted
Mean age of the household members	59.087	1.009	0.315	Accepted
Mean years of education	80.642	0.480	0.632	Accepted
Total family income (monthly)	0.667***	18.329	0.000	Rejected
Number of bank accounts of household members	−15.891	−0.024	0.981	Accepted
Amount of agricultural land (acre)	175.524	0.556	0.581	Accepted
Total family expenses (monthly)	−0.559***	−5.935	0.000	Rejected

Independent variable	Coefficient	t-value	p-value	Decision
Constant	1215.356	0.461	0.646	Accepted
Total number of household members	−447.843	−0.772	0.442	Accepted
Mean age of the household members	59.087	1.009	0.315	Accepted
Mean years of education	80.642	0.480	0.632	Accepted
Total family income (monthly)	0.667***	18.329	0.000	Rejected
Number of bank accounts of household members	−15.891	−0.024	0.981	Accepted
Amount of agricultural land (acre)	175.524	0.556	0.581	Accepted
Total family expenses (monthly)	−0.559***	−5.935	0.000	Rejected

Note(s): *, ** and ***- Significant at 10%, 5% and 1% levels of significance, respectively

Source(s): Authors’ own calculation

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