Analyzing Financial Insufficiency of Households in Turkey with Multivariate Probit Model


SİGEZE Ç. , UĞUR M. S.

EGE ACADEMIC REVIEW, cilt.19, ss.401-410, 2019 (ESCI İndekslerine Giren Dergi) identifier

  • Cilt numarası: 19 Konu: 4
  • Basım Tarihi: 2019
  • Doi Numarası: 10.21121/eab.463383
  • Dergi Adı: EGE ACADEMIC REVIEW
  • Sayfa Sayıları: ss.401-410

Özet

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 household head and households as independent variables on three dependent variables about financial conditions and to estimate these models simultaneously. The findings show that household size, being a tenant, changing the job, being unemployment but looking fora 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.