Figure 4.
The grouped bar chart compares average marginal effects for S I, stocks, funds, corporate bonds and government bonds across adviser years, adviser frequency, adviser reliance, information on S I and information on climate change. The vertical axis ranges from negative 0.15 to 0.2. For adviser years, stocks have the largest negative effect at about negative 0.05, while government bonds are positive at about 0.03. For adviser frequency, all effects are positive, led by S I at about 0.06 and stocks at about 0.04. For adviser reliance, S I, stocks, funds and corporate bonds are slightly negative, while government bonds are positive at about 0.06. For information on S I, all effects are positive, led by S I at about 0.16 and stocks at about 0.10. For information on climate change, S I is positive at about 0.13, stocks are negative at about negative 0.09, funds are near 0.01, corporate bonds are about negative 0.02 and government bonds are about 0.06. Bar styles indicate p less than 0.01, p less than 0.05, p less than 0.1 and not significant.AMEs of the independent variables on the probability of owning each financial product (Model 4 – the role of financial advisors)
Source: Authors’ own work