The impact of personality, behavior, and geography on participation in the private pension system in Türkiye: A machine learning approach

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Tarih

2025

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Borsa Istanbul Anonim Şirketi

Erişim Hakkı

info:eu-repo/semantics/openAccess

Araştırma projeleri

Organizasyon Birimleri

Organizasyon Birimi
Yönetim Bilimleri Fakültesi, İktisat Bölümü
İktisat Bölümü, başta Türkiye ve çevre ülkeler olmak üzere küresel ekonomileri anlayan, var olan sorunları analiz ederken, iktisadi kuramları ve kavramları yetkin ve özgün bir şekilde kullanma becerisine sahip bireyler yetiştirmeyi amaçlamaktadır.

Dergi sayısı

Özet

This study examines regional disparities in the factors that affect participation in the Private Pension System (PPS) in Türkiye, focusing on sociodemographic characteristics, personality traits and behavior, and pension and financial literacy. The behavioral factors identified encompass procrastination, locus of control, pessimism, compulsive buying, and time perspective, and the personality traits include openness, agreeableness, extraversion, neuroticism, and conscientiousness. The study employs data on two provinces in Türkiye, Şırnak and Istanbul, and uses XGBoost and Tree SHAP algorithms and a probit model. Our findings indicate that personality traits such as openness, agreeableness, and conscientiousness have a positive influence on individual engagement in pension plans, whereas extraversion has a negative impact. Additionally, basic pension literacy is more influential than advanced pension literacy. The results also show that regional geography significantly influences personality and behavioral factors. Finally, a perception of protection is a critical factor in PPS participation.

Açıklama

[ArticleInPress]

Anahtar Kelimeler

Behavioral Factors, Machine Learning Algorithms, Personality Traits, Private Pension System, Tree SHAP

Kaynak

Borsa Istanbul Review

WoS Q Değeri

Scopus Q Değeri

Q1

Cilt

Sayı

Künye

Verberi, C. ve Kaplan, M. (2025). The impact of personality, behavior, and geography on participation in the private pension system in Türkiye: A machine learning approach. Borsa Istanbul Review, 1-14. https://www.doi.org/10.1016/j.bir.2024.12.010