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Economic Analysis of Maternity Leave Provisions in AustraliaRisse, Leonora Unknown Date (has links)
No description available.
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Explaining earnings and income inequality in Chile /Palma Aguirre, Grisha Alexis. January 2007 (has links) (PDF)
Univ., Diss--Göteborg, 2008. / Enth. 4 Beitr. Zsfassung in engl. Sprache.
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Environmental Awareness and Labour Market Tightness: An Analysis on Regional LevelLösch, Stefanie 19 January 2021 (has links)
This thesis reveals methods for estimating individual perception at the regional level, such as environmental awareness or wage effects due to labour market tightness. Environmental awareness belongs to individual attitudes, which is driven by socialization, culture and education. Consequently, it is difficult to compare environmental awareness between regions. Labour market tightness might be reflected in individual wages, but the latter is also triggered by a lot of exogenous variables. Given that a simple linear regression model fails in both cases, existing alternative approaches from the econometrics like Multiple Indicator Multiple Cause model and Least Absolute Shrinkage and Selection Operators are used.
First, a Multiple-Indicator Multiple-Causes model is introduced, which allows us to estimate a not-directly observable individual attitude, environmental awareness, for different regions and to rank them. The method is cost-effective and less time-consuming, it also allows for comparisons between regions. The study area serves 81 regions in Russia. The model is constructed in such a way that Internet queries from the search engine Yandex are assumed to be indicators, which are affected by the regional environmental awareness index. In addition, regional characteristics, such as Gross Regional Product per capita, the proportion of employees in specific industry sectors, and also the environmental situation within the regions are potential cause variables. The regional environmental awareness index is estimated for each of the Russian regions from January 2014 until April 2016. Furthermore, the findings shows a rather non-linear positive relationship between the regional environmental awareness and regional wealth, as well as a strong negative correlation with the temperature. The colder the region and the observed month, the higher the interest of the population in environmental topics. Furthermore, the regions can be grouped into four environmental awareness clusters by using k-means clustering algorithm. It seems that the environmental awareness index shrinks from the Eastern to the Western part of Russia. The highest values can be estimated in Chukotka, Kamchatka, and Magadan. The lowest values are found in the rather poor and warm Caucasus area.
Second, another issue concerns the estimation of an effect of an observable regional variable, such as labour supply shortage, on individual wages. This thesis investigates the ten year wage development of employees who first enter the labour market from 1995 until 2004 and looks for positive wage effects of labour market tightness in different occupational groups. Due to incomplete vacancy data, labour market tightness is measured as the number of unemployed people divided by the number of employees within an occupational field and region. Mean and quantile regression methods are applied. Because the number of right-hand side variables could lead to incorrect detected statistical significant coefficients, different Least Absolute Shrinkage and Selection Operators are used for reducing the variables set. The findings suggests that regional labour market tightness in occupational fields affects individual wages. Employees who start their carrier in a tighter labour market enjoy higher wage growth compared to workers from more relaxed labour markets. The wages in technical professions, such as several engineer groups, IT-occupations, technicians, and also in some commercial occupations are especially affected by a shortage of labour supply. Health care occupations, such as nurse, reveals a complete reverse relationship. A shortage of workforce seems to be correlated with smaller wages.
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Determinants of gender-specific wages in Germany / new evidence from linked employer-employee dataHeinze, Anja 04 June 2009 (has links)
Diese Arbeit besteht aus empirischen und methodischen Beiträgen zur Literatur über den deutschen Lohnunterschied zwischen Männern und Frauen. Bisher war es aus Mangel an geeigneten Daten nicht möglich, den potentiellen Einfluss von Arbeitgebern bzw. Firmen auf diesen Lohnunterschied zu untersuchen. Auf der Basis neuer Linked Employer-Employee Daten wird dies in drei empirischen Studien untersucht. Die erste Studie wendet sich dem innerbetrieblichen Lohnunterschied zu. Dabei zeigt sich, dass dieser stark über die Firmen schwankt. Demnach weisen Unternehmen mit einem Betriebsrat und solche, die Tarifverträge anwenden, geringere Lohnunterschiede auf. Firmen, die einem starken Wettbewerbsdruck ausgesetzt sind, nehmen weniger Entlohnungsunterschiede zwischen den Geschlechtern vor. In der zweiten Studie steht die Frage, wie viel des beobachteten Lohnunterschieds durch verschiedene individuelle Merkmale und wie viel durch die Selektion in unterschiedliche Betriebe erklärt werden kann, im Mittelpunkt. Dazu wird eine Zerlegung in vier Komponenten mit einem Verfahren von Machado und Mata (2005) über die ganze Lohnverteilung vorgenommen. Die Analyse zeigt, dass der Lohnunterschied am unteren Rand der Lohnverteilung am höchsten ist. Dies ist auf die Segregation von Frauen in weniger erfolgreiche und produktive Firmen zurückzuführen. Dagegen haben Unterschiede in der Humankapitalausstattung nur einen geringen Einfluss. In der dritten Studie wird die Beziehung zwischen dem Frauenanteil in Unternehmen und dem Lohn untersucht. Ein hoher Frauenanteil innerhalb von Unternehmen könnte eine für Frauen attraktive Arbeitsumgebung, geringe Qualifikationsanforderungen von Seiten der Arbeitgeber oder weniger Diskriminierung gegenüber Frauen widerspiegeln. Die Analyse zeigt, dass auch bei sukzessiver Berücksichtigung von individuellen und Firmenmerkmalen, der Frauenanteil einen negativen Einfluss auf den Lohn hat. Insbesondere eine attraktive Arbeitsumgebung führt zu einem geringen Lohn in frauendominierten Firmen. / This thesis consists of empirical and methodological contributions to the literature on the German gender wage gap. Due to a lack of appropriate data, previous studies have been unable to document the potential impact of employers and establishments on the gender wage gap. We investigate these issues using a newly available Linked Employer-Employee Dataset. The first study pays attention to the gender wage gap within establishments. We find that the gender wage gap varies tremendously across establishments. Establishments with work councils and those covered by collective wage agreements are found to have a smaller wage gap. Furthermore, establishments operating under strong product market competition behave in a more egalitarian way. In the second study, the key issue is to disentangle gender differences in human capital endowment and the segregation of men and women in different types of establishments as sources of wage inequality. Using an approach of Machado and Mata (2005), we apply a decomposition method extended to four terms across the entire wage distribution. The analysis shows that the gap is highest in the lower part of the wage distribution. This is largely explained by segregation of women into less successful and productive firms. Gender differences in the human capital endowment have a lesser impact upon the gap. The third study comprises an investigation of the relationship between the share of women in establishments and the wages of both sexes. For this correlation, hypotheses are formulated as to what a high proportion of women in an establishment can indicate: attractive working conditions for women, lower qualification requirements or less discrimination against women. The results show, that even when including worker and establishment covariates, a higher share of female employees reduces wages for both males and females. In particular, attractive working conditions lead to lower wages in female dominated establishments.
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Inter-age cohort difference in the returns to education and the gender earning gap in Hong Kong.January 1999 (has links)
Li Yan. / Thesis submitted in: September 1998. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 47-48). / Abstract also in Chinese. / ACKNOWLEDGEMENTS --- p.i / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / Chapter / Chapter I --- INTRODUCTION --- p.1 / Chapter II --- LITERATURE REVIEW --- p.5 / Chapter 2.1 --- Different Approach to Estimate the Rate of Return to Education --- p.5 / Chapter 2.2 --- Age-Cohort Analysis --- p.8 / Chapter 2.3 --- Gender Earning Gaps and Decomposition of Wage Differentials --- p.9 / Chapter III --- DATA DESCRIPTION --- p.13 / Chapter 3.1 --- Data and Methodology --- p.13 / Chapter 3.2 --- Education Attainment of Males and Females of Different Cohort --- p.15 / Chapter 3.3 --- Monthly Earnings of Individual with Different Educational Level --- p.17 / Chapter IV --- REGRESSION ANALYSIS FOR THE RETURNS TO EDUCATION AND THE GENDER EARNING GAPS IN HONG KONG --- p.18 / Chapter 4.1 --- Determinants of Monthly Earnings and the Returns to Education --- p.18 / Chapter 4.2 --- Returns to Education with respect to Marrage and Age Cohorts --- p.22 / Chapter 4.3 --- The Blinder-Oaxaca Decomposition --- p.23 / Chapter V --- MULTINOMIAL LOGIT ANALYSIS FOR THE RETURNS TO EDUCATION AND THE GENDER EARNING GAPS IN HONG KONG --- p.28 / Chapter 5.1 --- The Occupational Distribution --- p.28 / Chapter 5.2 --- The Gender Earning Gap across Occupations --- p.31 / Chapter 5.3 --- Multinomial Logit Model and the Effect of Educational Attainment --- p.32 / Chapter 5.4 --- Prediction of a Nondiscriminatory Occupational Structure for Female --- p.35 / Chapter 5.5 --- Occupational Segregation and the Brown et al. Decomposition Method --- p.36 / Chapter VI --- POLICY IMPLICATIONS --- p.43 / Chapter VII --- SUMMARY AND CONCLUSIONS --- p.45 / REFERENCES --- p.47 / TABLES --- p.49
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Préférences inter-temporelles et qualité de l’insertion professionnelle : trois applications microéconométriques / Time preferences and professional insertion quality : three micro-econometric studiesBen Halima, Bassem 08 November 2010 (has links)
En opposant "la passion pour la jouissance présente" au "désir d’améliorer notre condition", Adam Smith soulignait dès 1776, l’importance capitale des préférences inter temporelles pour expliquer la richesse et la prospérité économique des nations. Au niveau microéconomique, la modélisation des choix inter temporels conduit à s’intéresser au taux d’intérêt psychologique que revendique un agent économique lorsqu’il doit arbitrer, entre une unité de consommation présente et une unité de consommation future. L’arbitrage inter temporel et les effets de l’impatience sont présents dans deux des principaux modèles comportementaux en économie du travail : la théorie du capital humain et la théorie de la recherche d’emploi. Toutefois, dans la plupart des modèles issus de ces deux théories, la prise en compte des préférences inter temporelles est confrontée à deux problèmes. Le premier problème est lié à la modélisation des préférences inter temporelles qui se limite à la simple introduction d’un facteur d’actualisation. Le deuxième problème est que les comportements de préférence pour le présent relèvent pour l’économètre du domaine des facteurs d’hétérogénéité inobservable. Lors de cette thèse, nous abordons une dimension particulière du rôle des préférences inter temporelles sur la qualité de l’insertion sur le marché du travail. Plus précisément, nous avons à mettre en lumière l’impact des préférences inter temporelles (impatience) sur le taux de sortie du chômage, sur l’hétérogénéité des issues lors de la transition du chômage à l’emploi et enfin sur la décision de suivre une formation professionnelle et ses conséquences sur le salaire dans l’emploi. / By contrasting "the passion for present enjoyment" to "desire to improve our condition", Adam Smith pointed out in 1776, the importance of intertemporal preferences to explain the wealth and prosperity of nations. In the microeconomic, the intertemporal choices modelling leads to analyse of psychological interest rate expressed by the economic agent when he trades off between present consumption unit and future consumption unit. Intertemporal trade-off and impatience effects are present in two major behavioural models in labour economics: human capital theory and job search theory. However, in the most models of these theories, the intertemporal preference analysis presents two problems. The first problem is related to intertemporal preferences modelling, which is limited to only the introduction of a discount factor. The second problem is that the impatience behaviour is unobservable factor in the econometrics studies. In this thesis, we focus a particular aspect of intertemporal preferences role on the quality of labour market insertion. Specifically, we highlight the impact of intertemporal preferences (impatience) on the exit rate from unemployment, on the different destinations in the transition from unemployment to employment, and finally, on the decision to pursue vocational training and its impact on wages in employment.
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Les emplois salariés dans les services à la personne : trois applications microéconométriques / Wage employment in the sector of services to individuals : three microeconometric applicationsOuld Younes, Salah 20 June 2016 (has links)
L'objet de cette thèse est l'analyse quantitative et qualitative des emplois salariés du secteur des services à la personne que nous menons sur données individuelles. Après une introduction et un premier chapitre décrivant le secteur de services à la personne et ses enjeux économiques et sociaux, nous présentons, dans les trois chapitres suivants, trois essais microéconométriques. Nous testons au chapitre 2 la motivation intrinsèque des salariés des organismes agréés de services à la personne, selon que l'OASP est à but lucratif ou pas. Nous montrons que cette motivation est concentrée principalement chez les salariés percevant un salaire brut supérieur à 1,6 Smic. Ensuite, l'étude proposée au chapitre 3 sur les déterminants des transitions des salariés des services à la personne vers l'emploi stable met en lumière que les mêmes facteurs n'impactent pas de la même manière ces salariés selon les caractéristiques de leur activité, notamment le caractère multi-actif et mono-actif. Enfin, le chapitre 4 consiste en une évaluation de la politique d'allègement de 15 points des cotisations sociale employeur en faveur des particuliers employeurs déclarant leurs salariés «au réel». Cette politique publique affecte positivement l'activité salariée de l'emploi à domicile. Au plan méthodologique, cette thèse met en œuvre 3 modélisations économétriques différentes : un modèle à régime (chapitre 2), un modèle à risques concurrents (chapitre 3), et enfin la méthode classique des doubles différences (chapitre 4). / This dissertation aims to carry out a quantitative and qualitative analysis of wage employment in the sector of services to individuals by using individual data. The introduction and the first chapter describe the sector of services to individual and the economic and social issues. In the three subsequent chapters it presents three microeconometric trials.In chapter two, we present intrinsic motivation of employees in authorised organizations for services to individua (OASP), depending on whether the organization is for-profit or non-profit. This motivation is mainly focused among workers erning a gross salary above 1.6 times the minimum wage. ln chapter 3, the study of the factors that determine the transitions of employees to steady employment highlights that these factors affect those employees differently according to the characteristics of their work, especially the multi-active and mono-active feature. Finally, chapter 4 consists of evaluating the reduction policy of 15 points in employers' social security contributions favoring individual employers who report the actual wages. This public policy positively affects domestic employment. In terms of methodology, this dissertation implements three different econometric models: a switching model regression (chapter 2), a competing risks model (chapter 3), and, finally, the classical method of differences-in-differences (chapter 4).
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Três ensaios em economia da educaçãoNastari, Roberta Loboda Biondi 30 October 2015 (has links)
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Previous issue date: 2015-10-30 / Essa tese é composta por três artigos na área de Economia da Educação que buscam investigar a questão do ensino médio técnico no Brasil. O primeiro e segundo artigos se inserem na literatura de avaliação de impacto dos tipos de ensino médio realizado, o de formação geral ou técnica, sobre os resultados do mercado de trabalho. Esse é um tema cada vez mais explorado em estudos empíricos internacionais, mas que ainda merece atenção dos pesquisadores no Brasil, seja para preencher lacunas no que se refere à identificação do efeito causal dessa política, seja porque o ensino técnico profissionalizante tenha se tornado alvo de maiores investimentos públicos nos últimos anos. Dessa forma, os dois artigos têm o propósito de estimar o efeito causal das habilidades técnicas adquiridas nos cursos técnicos de nível médio sobre os salários dos trabalhadores, no entanto se diferem pela fonte de dados utilizada. No primeiro artigo são utilizados os dados da Pesquisa Nacional por Amostra de Domicílios (IBGE) de 2007 e nossa contribuição está na estratégia de identificação do efeito causal, ao resolver o problema de auto seleção com o método de duplas diferenças (DD). Diversos testes de robustez foram realizados para dar suporte ao impacto positivo e estatisticamente significante que encontramos das habilidades técnicas sobre os salários, embora este seja restrito ao subgrupo de trabalhadores com no máximo o ensino médio completo. No segundo artigo foram utilizadas duas fontes de dados ainda não exploradas para esse fim, os microdados do ENEM (Exame Nacional do Ensino Médio) entre os anos de 2004 e 2006 e os dados da RAIS (Relação Anual de Informações Sociais) de 2009 a 2012 identificados por indivíduo (CPF). Por ser possível observar as notas dos jovens ao final do ensino médio, conseguimos separar os impactos do ensino médio técnico nos salários relacionados às habilidades técnicas específicas obtidas nos cursos técnicos, daqueles relacionados às habilidades gerais dos indivíduos (cognitivas ou não). Implementamos a estratégia de duplas diferenças e mais uma vez encontramos impacto positivo sobre os salários anuais dos jovens que concluíram o ensino médio técnico. Dessa vez nossos resultados são positivos tanto para os jovens que pararam seus estudos no ensino médio como para aqueles que concluíram o ensino superior. Verificamos a existência de heterogeneidade do efeito por região do país e nos quartis de distribuição de notas médias por escola no ENEM, indicando que os efeitos são crescentes com a qualidade oferecida pelas escolas. O terceiro artigo tem por objetivo estudar o mercado de trabalho no que diz respeito às ocupações tipicamente preenchidas por profissionais com nível médio técnico e analisar os diferenciais de salários dessas ocupações. A partir das ideias desenvolvidas no estudo, almejamos que ele seja orientador de políticas que relacionem educação técnica com demandas do mercado, com a finalidade de melhorar o matching entre formação e emprego. Entre as contribuições deste artigo estão a identificação e classificação das ocupações típicas de nível médio técnico pelo diferencial de salários, a correspondência entre as ocupações e as formações técnicas, a análise da atual oferta de vagas nos cursos correspondentes e o destaque para os cursos que parecem necessitar de maiores investimentos para o suprir as necessidades de mais profissionais. / This thesis is composed by three articles on Educational Economics that investigate issues related to vocational education in Brazil. The first and second articles follow the impact evaluation literature on both types of high school programs, general and technical, and their effects on job market performance. This topic has been extensively explored in empirical studies internationally but still deserves attention among Brazilian researchers, either to fulfill gaps in identifying the causal effects of this policy or because the vocational education programs have received larger investments in the past few years. While both articles aim at estimating the causal effect of technical skills acquired during vocational education programs on the average wage of workers, the source of data in each one of them is different. The first article uses data from PNAD 2007, the National Household Survey (Pesquisa Nacional por Amostra de Domicílios, IBGE), and its contribution is the identification strategy of the causal effect by solving the self-selection problem with the double-difference method (DD). Various robustness checks supported the positive and statistically significant result for the impact of technical skills on wages, but it was restricted to the subgroup of workers that have, at most, completed high school. In the second paper, two sources of data not yet explored for that purpose were used, the micro data from ENEM (Exame Nacional do Ensino Médio), the High School National Exam, from 2004 to 2006 and data from RAIS, the Annual Social Survey (Relação Anual de Informações Sociais) between 2009 and 2012 at the individual level (CPF). Since it was possible to observe scores for young individuals at the end of high school, we were able to distinguish the impact of the program on wages for the specific skills obtained in the technical program, from those related to the general skills of individuals (cognitive or not). We implemented the double-difference strategy and again found positive impact on the annual wages of young individuals that have completed the vocational education program. We verified the heterogeneity of effects among the country’s regions and among the distribution quartiles of ENEM average school scores, indicating increasing effects as quality improves. The third article aims at studying the labor market of positions typically occupied by individuals with technical certification and analyzing wage differentials among occupations. We hope that the ideas developed in that study can guide policies that associate vocational education with market demands, improving the matching between technical certification and employment. Among the contributions from this article are the identification and classification of typical vocational level positions according to wage differentials, the correspondence between occupations and technical certifications, the analysis of the current supply of vacancies in corresponding programs, and the highlight of programs that seem to require larger investments in order to meet the needs for more professionals.
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Essays on employment and wages in the German labor marketPriesack, Kai 28 August 2018 (has links)
Diese Dissertation besteht aus drei Aufsätzen, die zur empirischen Literatur über Beschäftigung und Löhne auf dem deutschen Arbeitsmarkt beitragen. Der erste Aufsatz untersucht die Auswirkungen eines großen und unerwarteten Zustroms von Migranten auf den westdeutschen Arbeitsmarkt zwischen 1988 und 1993 auf die Löhne und Beschäftigung der einheimischen Arbeitnehmer. Die Analyse zeigt, dass ein Anstieg der lokalen Beschäftigung von Migranten die durchschnittlichen Löhne und Beschäftigung kurzfristig reduziert, der Effekt langfristig jedoch verschwindet. Der zweite Aufsatz analysiert den kausalen Effekt einer Lockerung des deutschen Kündigungsschutzgesetzes (KSchG) im Jahr 2004 auf unterschiedliche Arbeitsmarktergebnisse auf Firmenebene. Dazu nutzt der Aufsatz eine Änderung des Schwellenwerts der Mindestbetriebsgröße zur Anwendbarkeit des KSchG von fünf auf zehn Beschäftigte als ein Quasi-Experiment. Die Ergebnisse der empirischen Analyse liefern keine robuste Evidenz für einen Effekt auf die Einstellungs-, Abgangs-, Nettobeschäftigungs- und Churning-Raten sowie auf Löhne und temporäre Beschäftigung. Dagegen gibt es Evidenz, dass die Einstellungs- und Nettobeschäftigungsraten von Frauen zugenommen haben. Der dritte Aufsatz untersucht die Entwicklung der MINT-Beschäftigung und -Löhne in Westdeutschland zwischen 1980 und 2010. Die Analyse deutet auf einen Anstieg der MINT-Beschäftigung und -Löhne, der zeitlich mit dem Anstieg der Lohnungleichheit zusammenfällt. Darüber hinaus zeigt der Aufsatz, dass die Zunahme des Lohnunterschieds zwischen MINT und nicht-MINT Arbeitern durch Angebots- und Nachfragefaktoren im Rahmen eines MINT-verzerrten technologischen Wandels auf Basis einer CES-Produktionsfunktion erklärbar ist. Zuletzt deutet eine alternative Analyse der MINT-Prämie unter Nutzung von Schätzwerten aus einem Modell mit additiven Arbeiter- und Firmeneffekten darauf hin, dass der durch Firmeneffekte erklärte Anteil der MINT-Prämie mit der Zeit bedeutend zugenommen hat. / This thesis consists of three essays that contribute to the empirical literature on employment and wages in the German labor market. The first essay investigates the impact of a large and unexpected inflow of immigrants into the West German labor market between 1988 and 1993 on native wages and employment. The analysis indicates that an increase in local immigrant employment reduces average native wages and employment in the short run; however, the effect tends to vanish in the longer term. The second essay analyzes the causal effect of a relaxation of the German Protection Against Dismissal Act (PADA) in 2004 on different labor market outcomes at the firm level. Specifically, the essay exploits a change of the minimum establishment size threshold determining coverage by the PADA from five to ten employees as a quasi-experiment. The results from the empirical analysis do not provide robust evidence for an effect on overall hiring, separation, job flow, and churning rates as well as wages and temporary employment. However, there is some evidence of increases in the hiring and job flow rates of women. The third essay studies trends in STEM employment and wages in West Germany between 1980 and 2010. The analysis indicates an increase in STEM employment and wages that coincides with the rise in wage inequality during the same period. Moreover, the essay shows that the increase in the wage differential between STEM and non-STEM workers can be explained by supply and demand factors under a STEM-biased technological change within a CES production framework. Finally, an alternative assessment of the STEM premium exploits estimates from a model with additive worker and firm fixed effects and suggests that the fraction of the STEM premium that is explained by firm effects has increased considerably over time.
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A comparison between household wealth across the wealth spectrum in South AfricaVan Staden, Jacques 11 1900 (has links)
South African households are concerned with their financial wellness. This is evident through the recent social unrest, violent labour strikes and protest against government policies such as the demand for free higher education. The South African government’s redistributive policy to transfer funds from the financially well to the increasing number of financially unwell households are narrowing as the financially well households are declining in proportion to the total households. It is palpable that the situation is critical and decisive intervention is needed from the South African government, the private sector and labour unions.
The main objective of this study was to investigate the main differences between households on the bottom end of the wealth spectrum compared to those on the top end in order to identify differentiating characteristics of the various groups in order to suggest targeted policy recommendations for the South African government to improve stability and increase the number of financially well households.
In order to achieve this objective, the study was done in two phases. Phase 1 consisted of a traditional literature review where the balance sheet composition and characteristics across disaggregated households on a local and international level was examined. The purpose of phase 1 was to gain insight into the trends and characteristics of different categories of households internationally and in South Africa. Phase 2 consisted of secondary data analysis which was performed in three sub-phases. In sub-phase 2.1 the household balance sheet was used to determine the per asset and liability class contribution to total assets and liabilities for each of the disaggregated financial wellness categories. Each asset and liability class component was ranked according to its contribution percentage within each of the financial wellness categories. The outcome of the ranking highlighted differences in the asset and liability classes’ contribution to total assets within each financial wellness grouping. Sub-phase 2.2 evaluated the optimality of the household balance sheet composition of a financial wellness category in relation to the next financial wellness category by making use of game theory. The last sub-phase (2.3)
iv
examined possible reasons, through correlation, for the sub-optimality found in phase 2.2.
The results of the study indicated differences in each financial wellness category asset and liability compositions in the household balance sheet. Age, gender and number of household members did not affect household wealth in this study. In contrast, income level, employment status, home ownership, education and marital status affected household wealth. Game theory indicated that the highest financial wellness category (Anchored Well) did not have the strongest balance sheet. Possible reasons were identified as the composition of financial assets. / Accounting Sciences / M.Phil. (Accounting Science)
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