Overdue Debt and Selected Personality Traits - a Research Based on International Surveys

• Autorzy: Maria Forlicz , Tomasz Rólczyński
• Języki publikacji: EN

Abstrakty

EN

Households and individuals make various financial decisions, some of which are regarding debt. In 2018 a survey was conducted in six European countries on incurring financial liabilities and falling into debt. The survey was expected to provide insights as to the habits and attitudes of the surveyed while making debt decisions. The aim of this paper is to identify personal characteristics of debtors across different European countries and to compare the incidence of these characteristics in the groups examined across those countries. The hypothesis was that individuals who never fall into arrears differ from those who had or still have debt in terms of their personality traits. The research was carried out in Spain, Romania, Poland and Italy. Depending on the country, the sample size ranged from 802 to 1200 participants. The statistical analysis found that for most of these countries there existed significant differences between debtors and debt-free individuals regarding the level of conscientiousness, honesty, attitude towards money and shopping. (original abstract)

Słowa kluczowe

EN

Consumer behaviour; Indebtedness; Personality psychology; Social attitudes; Household debt

PL

Zachowania konsumenta; Zadłużenie; Psychologia osobowości; Postawy społeczne; Zadłużenie gospodarstw domowych

• Czasopismo: Journal of International Studies
• Rocznik: 2019
• Tom: 12
• Numer: nr 3
• Strony: 198--211

Twórcy

autor

Maria Forlicz

• Wrocław University of Economics, Poland

autor

Tomasz Rólczyński

• WSB University in Wroclaw, Poland

Bibliografia

• Achtziger, A., Hubert, M., Kenning, P., Raab, G., & Reisch, L. (2015). Debt out of control: The links between self-control, compulsive buying, and real debts. Journal of Economic Psychology, 49, 141-149.
• Anderloni, L., & Vandone, D. (2011). Risk of over-indebtedness and behavioural factors. In Risk tolerance in financial decision making (pp. 113-132). Palgrave Macmillan, London.
• Australia and New Zealand Banking Group Limited (ANZ) (2005). Understanding personal debt & financial difficulty in Australia. Macquarie Park, NSW: ACNielsen.
• Brown, S., & Taylor, K. (2014). Household finances and the 'Big Five'personality traits. Journal of Economic Psychology, 45, 197-212.
• Disney RF, Bridges S, Gathergood J. (2008). Drivers of over-indebtedness-report to the department for business, enterprise and regulatory reform. University of Nottingham, Nottingham: Working Paper.
• Elliott A. (2005). Not waving but drowning: over-indebtedness by misjudgment. Center for the Study of Financial Innovation, London.
• Georgarakos, D., & Fürth, S. (2015). Household repayment behavior: The role of social capital and institutional, political, and religious beliefs. European Journal of Political Economy, 37, 249-265.
• Katona, G. (1975). Psychological Economics. Elsevier, New York.
• Kempson, E., McKay, S., & Willitts, M. (2004). Characteristics of families in debt and the nature of indebtedness (No. 211). Leeds: Corporate Document Services.
• Kuchciak, I. (2013). Nadmierne zadłużanie się gospodarstw domowych-przyczyna i skutek wykluczenia finansowego. Bankowy Fundusz Gwarancyjny, 135-157.
• Mewse, A. J., Lea, S. E., & Wrapson, W. (2010). First steps out of debt: Attitudes and social identity as predictors of contact by debtors with creditors. Journal of Economic Psychology, 31(6), 1021-1034.
• Shah, A. K., Mullainathan, S., & Shafir, E. (2012). Some consequences of having too little. Science, 338(6107), 682-685.
• Shiller, R. J., Boycko, M., Korobov, V., Winter, S. G., & Schelling, T. (1992). Hunting for Homo Sovieticus: situational versus attitudinal factors in economic behavior. Brookings Papers on Economic Activity, 1992(1), 127-194.
• Lea, S. E., Webley, P., & Levine, R. M. (1993). The economic psychology of consumer debt. Journal of economic psychology, 14(1), 85-119.
• Lea, S. E., Webley, P., & Walker, C. M. (1995). Psychological factors in consumer debt: Money management, economic socialization, and credit use. Journal of economic psychology, 16(4), 681-701.
• Vitt, L. A. (2004). Consumers' financial decisions and the psychology of values. Journal of Financial Services Professionals, 58(6), 68-77.
• Wang, M., Rieger, M. O., & Hens, T. (2009). An international survey on time discounting. Norwegian School of Economics working paper.

Identyfikatory

DOI

10.14254/2071-8330.2019/12-3/16