Analyzing Financial Insufficiency of Households in Turkey with Multivariate Probit Model

Yıl 2019, , 401 - 410, 26.10.2019

Çiler Sigeze Mehmet Sedat Uğur

https://doi.org/10.21121/eab.463383

Öz

Permanent or particular financial insufficiencies of
households cause crucial interruptions on compulsory payments of households. In
this study, the determining factors of financial insufficiency of 11918
households that surveyed in TurkStat’s Survey of Income and Living Conditions
(SILC) 2012 are analyzed. The financial insufficiency of households can be
denoted by several indicators. The responses of household head for three
questions on financial conditions of household in survey are treated as
indicators for financial insufficiency. Multivariate Probit Model is used to
determine the effects of the properties of households as independent variables
on three dependent variables about financial conditions. The findings show that
household size, being a tenant, changing the job, being unemployment but
looking for a job and being chronic illness for household head have positive,
income, being a female and being a graduate from university or a higher degree
for household head have negative effects on each financial insufficiency
indicators.

Anahtar Kelimeler

Multivariate probit model, financial insufficiency, households, Turkey

Kaynakça

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