Table 5 Multiple linear regressions on the score in ‘Banking’
Variable | M1 | M2 | ||
|---|---|---|---|---|
Coefficient B | Standard error | Coefficient B | Standard error | |
Constant | 10.475*** | .345 | 15.335*** | .685 |
Informed about Riester retirement plan | .744* | .366 | .183 | .352 |
Informed about building loan agreement | .777** | .266 | .513* | .249 |
Informed about stocks | .507 | .329 | − .106 | .317 |
Informed about equity funds | 2.017*** | .407 | 1.479*** | .383 |
Informed about money market account | .665* | .297 | .438 | .279 |
Informed about fixed deposit account | .843** | .309 | .594* | .290 |
Owns no bank account | − 2.061*** | .595 | − 1.630** | .559 |
Bank account with overdraft | 1.170*** | .346 | 1.118*** | .326 |
Bank account without overdraft | .584 | .316 | .540 | .289 |
No plausible answer to overdraft question | .759 | 1.060 | .438 | .950 |
Owns no credit card | .182 | .227 | .077 | .215 |
Disposable Income (Upper half of the highest income) | .631* | .271 | .335 | .251 |
Rent self-financed | − .399 | .383 | − .496 | .360 |
Rent family-financed | − .499 | .288 | − .561* | .271 |
Rent government-financed | − 1.996*** | .583 | − 1.488** | .549 |
Gender (male) | 1.544*** | .223 | ||
High school GPA | − .918*** | .186 | ||
Vocational training (none) | − 2.394*** | .358 | ||
Parents’ origin (not German) | − 1.819*** | .232 | ||
R2 | .180 | .293 | ||
Corrected R2 | .169 | .280 | ||