Title: Psychological factors of impulsive savings traits: survey carried out in Indonesia, Malaysia, Thailand, and Vietnam

Authors: Ritzky Karina Brahmana; Rayenda Khresna Brahmana

Addresses: Faculty of Economics, Universitas Kristen Petra Surabaya, Siwalankerto, 60236, Indonesia ' Faculty of Economics and Business, Universiti Malaysia Sarawak, Kota Samarahan, 94300, Malaysia

Abstract: This paper attempts to answer an interesting but empirically challenging question: do personality, aggressiveness, and mood lead to changes in savings behaviour? This paper has adopted psychometric tests - UPPS Personality Traits, Aggressiveness (AGGR), and Happiness (POMS) - as the instruments, which were tested in Indonesia, Malaysia, Thailand, and Vietnam (ASEAN-4) by using a survey mode with 2,257 respondents. The results show that an individual with aggressive behaviour tends to have compulsive behaviour in consumption by making fewer savings. The mood of an individual also induces savings behaviour. Interestingly, aggressiveness is the mediator to explain the association between mood and savings behaviour. The personality type also affects spending behaviour. However, this moderating effect of personality was only observed in Thailand and Vietnam, not in Indonesia and Malaysia. Regulators can use the findings by controlling inflation through monetary policy following the mood cycles of individuals. The findings can also be used for policymaking.

Keywords: personality; aggressiveness; happy moods; savings behaviour; compulsive behaviour; Indonesia; Malaysia; Thailand; Vietnam; psychological factors; impulsive savings; psychometric tests; personality types; inflation; monetary policy; mood cycles.

DOI: 10.1504/IJHD.2016.076194

International Journal of Happiness and Development, 2016 Vol.3 No.1, pp.1 - 21

Received: 16 Feb 2015
Accepted: 30 Jul 2015

Published online: 29 Apr 2016 *

Full-text access for editors Access for subscribers Purchase this article Comment on this article