TY  - UNPD
A1  - Nemeczek, Fabian
A1  - Radermacher, Jan Wedigo
T1  - Personality-augmented MPC: linking survey and transaction data to explain MPC heterogeneity by big five personality traits
T2  - SAFE working paper ; No. 348
N2  - We investigate the link between Big Five personality traits and the marginal propensity to consume (MPC) for users of a German financial account aggregator app. We use 1,700 survey responses and transaction data of 56,000 app users to assess whether Big Five personality traits help explain MPC heterogeneity. We find that extraversion corresponds to an increase in consumption whereas agreeableness and neuroticism correspond to a decrease in consumption. We test this with trust and risk preferences and find that risk indicates more explanatory power in consumption response than the Big Five. Our findings help policy makers target individuals more efficiently.
T3  - SAFE working paper - 348 
KW  - Marginal Propensity to Consume
KW  - Big Five Personality
KW  - Survey Data
KW  - Transaction Data
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/64599
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-645994
UR  - https://ssrn.com/abstract=4089657
N1  - Financial support from Goethe University Frankfurt and the Leibniz Institute for Financial Research SAFE is gratefully acknowledged.
IS  - April 15, 2022
PB  - SAFE
CY  - Frankfurt am Main
ER  -