The Influence of Personality Traits on Households’ Financial Risk Tolerance and Financial Behaviour

IF 0.4 Q4 ECONOMICS

Journal of Interdisciplinary Economics Pub Date : 2018-01-01 DOI:10.1177/0260107917731034

Teerapong Pinjisakikool

引用次数: 58

Abstract

Using a large sample that can represent the Dutch population, this article mainly studies the determinants of financial risk tolerance. I propose that the big five personality traits are the potential factors that can explain differences in financial risk tolerance among individuals. Furthermore, this article examines the effect of personality traits on the actual financial behaviour of households through financial risk tolerance. I find that all the big five personality traits including extraversion, agreeableness, conscientiousness, emotional stability and intellect significantly predict financial risk tolerance. Additionally, these personality traits as instrumental variables can also indirectly predict the financial behaviour of households. JEL: D10, D14, D19

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人格特征对家庭财务风险承受能力和财务行为的影响

本文使用一个可以代表荷兰人口的大样本，主要研究金融风险承受能力的决定因素。我提出五大人格特征是可以解释个人之间金融风险承受能力差异的潜在因素。此外，本文通过金融风险承受能力考察了人格特质对家庭实际金融行为的影响。我发现外向性、宜人性、尽责性、情绪稳定性和智力这五大人格特征都能显著预测金融风险承受能力。此外，这些人格特征作为工具变量也可以间接预测家庭的财务行为。Jel: d10, d14, d19

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来源期刊

Journal of Interdisciplinary Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

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