Description

The data arise from a large postal survey on the psychology of debt.

Usage

Format

A data frame with 464 observations on the following 13 variables.

incomegp

income group (1=lowest, 5=highest)

house

security of housing tenure (1=rent, 2=mortgage, 3=owned outright)

children

number of children in household

singpar

is the respondent a single parent?

agegp

age group (1=youngest)

bankacc

does the respondent have a bank account?

bsocacc

does the respondent have a building society account?

manage

self-rating of money management skill (high values=high skill)

ccarduse

how often did s/he use credit cards (1=never... 3=regularly)

cigbuy

does s/he buy cigarettes?

xmasbuy

does s/he buy Christmas presents for children?

locintrn

score on a locus of control scale (high values=internal)

prodebt

score on a scale of attitudes to debt (high values=favourable to debt

Details

All yes/no questions are coded 0=no, 1=yes. Locus of control is a personality measure introduced by Rotter, which claims to differentiate people according to how much they feel things that happen to them are as a result of processes within themselves (internal locus of control) or outside events (external locus of control).

Source

Lea, Webley & Walker, 1995, Journal of Economic Psychology, 16, 181-201 Data obtained from http://www.exeter.ac.uk/~SEGLea.