Table 7: Impact on Savings Attitude
Ordered Probit
I often regret spending, I
Although my income is When I have a little cash, I wish I was more disciplined
Dependent variable: low, I'm a disciplined saver I never save spend it rather than save to save
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) | |
|
Panel A: All | ||||||||
|
Treatment |
0.025 |
-0.053 |
-0.104 |
-0.021 |
-0.095 |
-0.051 |
0.181*** |
0.160** |
|
(0.069) |
(0.080) |
(0.072) |
(0.083) |
(0.065) |
(0.077) |
(0.066) |
(0.078) | |
|
Marketing |
0.057 |
0.073 |
-0.105 |
-0.064 |
-0.084 |
-0.105 |
0.070 |
0.102 |
|
(0.078) |
(0.091) |
(0.085) |
(0.098) |
(0.075) |
(0.090) |
(0.074) |
(0.088) | |
|
Time inconsistent, baseline |
-0.147 |
0.252* |
0.109 |
0.043 | ||||
|
(0.126) |
(0.138) |
(0.115) |
(0.120) | |||||
|
Treatment x Time inconsistent, baseline |
0.300* |
-0.303* |
-0.163 |
0.082 | ||||
|
(0.156) |
(0.165) |
(0.146) |
(0.149) | |||||
|
Marketing x Time inconsistent, baseline |
-0.050 |
-0.152 |
0.064 |
-0.102 | ||||
|
(0.175) |
(0.195) |
(0.161) |
(0.161) | |||||
|
Observations______________________________ |
1629 |
1626 |
1629 |
1626 |
1629 |
1626 |
1629 |
1626 |
|
Panel B: Female | ||||||||
|
Treatment |
-0.021 |
-0.136 |
-0.049 |
0.069 |
-0.104 |
-0.005 |
0.130 |
0.153 |
|
(0.088) |
(0.103) |
(0.093) |
(0.107) |
(0.081) |
(0.097) |
(0.084) |
(0.101) | |
|
Marketing |
0.176* |
0.160 |
-0.148 |
-0.082 |
-0.214** |
-0.209* |
0.118 |
0.184 |
|
(0.103) |
(0.123) |
(0.112) |
(0.132) |
(0.099) |
(0.123) |
(0.096) |
(0.118) | |
|
Time inconsistent, baseline |
-0.310** |
0.308* |
0.216 |
0.069 | ||||
|
(0.158) |
(0.173) |
(0.136) |
(0.140) | |||||
|
Treatment x Time inconsistent, baseline |
0.395** |
-0.389* |
-0.339* |
-0.072 | ||||
|
(0.196) |
(0.209) |
(0.180) |
(0.180) | |||||
|
Marketing x Time inconsistent, baseline |
0.040 |
-0.209 |
-0.018 |
-0.216 | ||||
|
(0.225) |
(0.246) |
(0.199) |
(0.203) | |||||
|
Observations______________________________ |
970 |
968 |
970 |
968 |
970 |
968 |
970 |
968 |
|
Panel C: Male | ||||||||
|
Treatment |
0.105 |
0.065 |
-0.199* |
-0.155 |
-0.084 |
-0.123 |
0.257** |
0.170 |
|
(0.112) |
(0.128) |
(0.116) |
(0.133) |
(0.110) |
(0.126) |
(0.109) |
(0.121) | |
|
Marketing |
-0.066 |
-0.007 |
-0.077 |
-0.066 |
0.073 |
-0.000 |
0.010 |
-0.001 |
|
(0.118) |
(0.135) |
(0.131) |
(0.148) |
(0.118) |
(0.134) |
(0.117) |
(0.134) | |
|
Time inconsistent, baseline |
0.128 |
0.196 |
-0.118 |
-0.014 | ||||
|
(0.213) |
(0.222) |
(0.212) |
(0.241) | |||||
|
Treatment x Time inconsistent, baseline |
0.133 |
-0.200 |
0.168 |
0.344 | ||||
|
(0.263) |
(0.266) |
(0.255) |
(0.277) | |||||
|
Marketing x Time inconsistent, baseline |
-0.249 |
-0.080 |
0.285 |
0.066 | ||||
|
(0.283) |
(0.312) |
(0.279) |
(0.288) | |||||
|
Observations______________________________ |
659 |
658 |
659 |
658 |
659 |
658 |
659 |
658 |
Robust standard errors in parentheses, * significant at 10%; ** significant at 5%; *** significant at 1%. Dependent variables are categorical, indicating how strongly
the respondent agrees to each statement. The variable equals one if the respondent strongly disagree, two if somewhat disagree, three if neutral, four if somewhat agree,
and five if strongly agree.