Table 6 Factors that influence choice of... | Emerald Publishing

Table 6

Factors that influence choice of household’s financial management adaptation Strategies 3, 4, 6 and 9 using Bayesian multinomial logit model

	Strategy-3	Strategy-4	Strategy-6	Strategy-9
Age	0.111	0.028	−0.061	−0.110
Gender	−0.407*	−0.566	−0.582	0.573*
Level of education	0.063*	−0.081	0.165*	0.122*
Employment status	0.070*	0.046	0.058	−0.172*
Income per month	−0.027	0.204	0.060	−0.066
Income instability	0.895*	−0.162	0.540	1.043
Shrinking work opportunity	1.623	0.160	0.503	0.064
Number of dependents in family	−0.248	−0.002	0.417*	−0.033
Other’s financial contribution in family	−0.117	−0.242	0.074	−0.088
Savings	−0.076	0.890*	0.269	0.338
Comparison of household expense to pre-pandemic expense	0.047*	−0.295	−0.156	0.378*
Major sources of expenditure	−0.143*	−0.152	0.123	0.124
_cons	−4.088*	0.415	−4.120*	−2.615*
Log marginal-likelihood	−342.451	−359.457	−286.692	−367.708
Acceptance rate	0.201	0.285	0.216	0.253

	Strategy-3	Strategy-4	Strategy-6	Strategy-9
Age	0.111	0.028	−0.061	−0.110
Gender	−0.407*	−0.566	−0.582	0.573*
Level of education	0.063*	−0.081	0.165*	0.122*
Employment status	0.070*	0.046	0.058	−0.172*
Income per month	−0.027	0.204	0.060	−0.066
Income instability	0.895*	−0.162	0.540	1.043
Shrinking work opportunity	1.623	0.160	0.503	0.064
Number of dependents in family	−0.248	−0.002	0.417*	−0.033
Other’s financial contribution in family	−0.117	−0.242	0.074	−0.088
Savings	−0.076	0.890*	0.269	0.338
Comparison of household expense to pre-pandemic expense	0.047*	−0.295	−0.156	0.378*
Major sources of expenditure	−0.143*	−0.152	0.123	0.124
_cons	−4.088*	0.415	−4.120*	−2.615*
Log marginal-likelihood	−342.451	−359.457	−286.692	−367.708
Acceptance rate	0.201	0.285	0.216	0.253

Note(s): * denote degree of significance at 10% level

Source(s): Authors’ own work