The impact of personality, behavior, and geography on participation in the private pension system in Türkiye: A machine learning approach
Yükleniyor...
Dosyalar
Tarih
2025
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Borsa Istanbul Anonim Şirketi
Erişim Hakkı
info:eu-repo/semantics/openAccess
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