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Fig 1.

Synopsis of findings, highlighting independent variables, analysis, and impact on dependent variable (positive financial behaviour).

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Table 1.

Principal component analysis.

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Table 1 Expand

Table 2.

Descriptive statistics of the survey data.

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Table 2 Expand

Table 3.

Descriptive statistics of the dependent, independent and control indices.

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Table 3 Expand

Table 4.

OLS estimation results with the combined financial behaviour score as the dependent variable.

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Table 5.

Logit regression estimation (average marginal effect).

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Table 6.

Two-stage least square estimation.

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Table 6 Expand