Responsible Personal Finance: The Role of Conscientiosness in Bank and Pension Savings in Chile

We investigate the role of trait conscientiousness, from the Big Five personality traits, in explaining individual saving behavior. Conscientiousness is a disposition to be responsible and pursue non-immediate goals; thus, we expect this trait to positively predict saving behavior. Using a nationally representative survey from Chile, we find the expected effect of conscientiousness on pension and bank savings.

http://onlinelibrary.wiley.com/doi/10.1111/irfi.12069/abstract