Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science

Abdu Hailu Shibeshi; Getnet Mamo Habtie; Kassaye Getaneh Argie

doi:doi:10.11648/j.ijsd.20220803.12

| Peer-Reviewed

Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science

Abdu Hailu Shibeshi, Getnet Mamo Habtie, Kassaye Getaneh Argie

Published in International Journal of Statistical Distributions and Applications (Volume 8, Issue 3)

Received: 18 July 2022 Accepted: 15 August 2022 Published: 24 August 2022

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

Savings is one of the most decisive factors for successful economic and personal growth. People desire to save although they tend to postpone saving until they have some stability in their lives. The purpose of this study has been to assess saving habits and identify factors that influence the saving habits of employees at Samara University at the college of science. Of 156 all workers, 111 workers were selected from employees working at Samara University at the college of science. The sampling was based on stratified random sampling and then follows simple random sampling from each group. The analysis was done using binary logistic regression with SPSS version 25.0 statistical software. The results indicate that 64.9% of employees had no saving experience and 35.1% of the respondents have been involved in saving part of their income. The results obtained from the analysis of binary logistic regression indicate that educational level and extra income can significantly affect the saving habits of employees. Furthermore, age, sex, marital status, extra income, cost of expenditures, the habit of saving, method of saving, member of saving association plan to detect extra income and housing status are found to be important factors affecting the saving habits of employees.

Published in	International Journal of Statistical Distributions and Applications (Volume 8, Issue 3)
DOI	10.11648/j.ijsd.20220803.12
Page(s)	47-54
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Saving Habit, Employees, Binary Logistic Regression, Samara University

References

[1]	Gokhale, (2000).‘Personal Saving in Developing Nations, Further Evidence’.
[2]	Karimmoussaly, (2010). participation in private retirement savingplans, 2008.
[3]	GebeyawAychile, (2008). Financial Performance of National Bank of Ethiopia Workers’ Savings and Credit Association with Special Emphasis to Adjustments.
[4]	Gill. j (2004). Bayesian methods for the social 7 Behaverial science approach, academicprice.
[5]	Sharraden, etal. school based children’s saving accounts for college: I can save program. children and youth services review, 29 (3), 294-312.
[6]	Saving performance individual development accounts: Does marital status matter? Journal of marriage and family, 68 (1), 192-204.
[7]	Ziorklui and Barbee (2003). Financial sector reforms strategies and financial savings in SSA, savings and Devolopment, Issue 1.
[8]	Feifei Wang, (2010). A Comparison of Employee Saving Motives Between Chinese and Americans.
[9]	Cochran, W. G., (1977): Sampling Techniques. Third Edition, John Wiley and Sons (ASIA) Pte Ltd., Singapore. 428p.
[10]	Hosmer and Lemeshow (1998). Applied Logistic Regression, 2nd Ed., University of Massachusetts and the Ohio State University, Massachusetts and Columbus.
[11]	Agresti, A. (2002). An Introduction to Categorical Data Analysis. John Wiley and So, Inc.
[12]	Bewick, L. and Jonathan, B. (2005). Statistics Review 14: Logistic Regression.
[13]	Pelrine, Richard and Olive Kabatalya, (2005). “Savings Habits, Needs and Priorities in Urban Uganda” Kampala: USAID/Rural SPEED.

Cite This Article

Plain Text BibTeX RIS

APA Style

Abdu Hailu Shibeshi, Getnet Mamo Habtie, Kassaye Getaneh Argie. (2022). Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science. International Journal of Statistical Distributions and Applications, 8(3), 47-54. https://doi.org/10.11648/j.ijsd.20220803.12

Copy | Download

ACS Style

Abdu Hailu Shibeshi; Getnet Mamo Habtie; Kassaye Getaneh Argie. Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science. Int. J. Stat. Distrib. Appl. 2022, 8(3), 47-54. doi: 10.11648/j.ijsd.20220803.12

Copy | Download

AMA Style

Abdu Hailu Shibeshi, Getnet Mamo Habtie, Kassaye Getaneh Argie. Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science. Int J Stat Distrib Appl. 2022;8(3):47-54. doi: 10.11648/j.ijsd.20220803.12

Copy | Download

@article{10.11648/j.ijsd.20220803.12,
  author = {Abdu Hailu Shibeshi and Getnet Mamo Habtie and Kassaye Getaneh Argie},
  title = {Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science},
  journal = {International Journal of Statistical Distributions and Applications},
  volume = {8},
  number = {3},
  pages = {47-54},
  doi = {10.11648/j.ijsd.20220803.12},
  url = {https://doi.org/10.11648/j.ijsd.20220803.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsd.20220803.12},
  abstract = {Savings is one of the most decisive factors for successful economic and personal growth. People desire to save although they tend to postpone saving until they have some stability in their lives. The purpose of this study has been to assess saving habits and identify factors that influence the saving habits of employees at Samara University at the college of science. Of 156 all workers, 111 workers were selected from employees working at Samara University at the college of science. The sampling was based on stratified random sampling and then follows simple random sampling from each group. The analysis was done using binary logistic regression with SPSS version 25.0 statistical software. The results indicate that 64.9% of employees had no saving experience and 35.1% of the respondents have been involved in saving part of their income. The results obtained from the analysis of binary logistic regression indicate that educational level and extra income can significantly affect the saving habits of employees. Furthermore, age, sex, marital status, extra income, cost of expenditures, the habit of saving, method of saving, member of saving association plan to detect extra income and housing status are found to be important factors affecting the saving habits of employees.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science
AU  - Abdu Hailu Shibeshi
AU  - Getnet Mamo Habtie
AU  - Kassaye Getaneh Argie
Y1  - 2022/08/24
PY  - 2022
N1  - https://doi.org/10.11648/j.ijsd.20220803.12
DO  - 10.11648/j.ijsd.20220803.12
T2  - International Journal of Statistical Distributions and Applications
JF  - International Journal of Statistical Distributions and Applications
JO  - International Journal of Statistical Distributions and Applications
SP  - 47
EP  - 54
PB  - Science Publishing Group
SN  - 2472-3509
UR  - https://doi.org/10.11648/j.ijsd.20220803.12
AB  - Savings is one of the most decisive factors for successful economic and personal growth. People desire to save although they tend to postpone saving until they have some stability in their lives. The purpose of this study has been to assess saving habits and identify factors that influence the saving habits of employees at Samara University at the college of science. Of 156 all workers, 111 workers were selected from employees working at Samara University at the college of science. The sampling was based on stratified random sampling and then follows simple random sampling from each group. The analysis was done using binary logistic regression with SPSS version 25.0 statistical software. The results indicate that 64.9% of employees had no saving experience and 35.1% of the respondents have been involved in saving part of their income. The results obtained from the analysis of binary logistic regression indicate that educational level and extra income can significantly affect the saving habits of employees. Furthermore, age, sex, marital status, extra income, cost of expenditures, the habit of saving, method of saving, member of saving association plan to detect extra income and housing status are found to be important factors affecting the saving habits of employees.
VL  - 8
IS  - 3
ER  -

Copy | Download

Author Information

Abdu Hailu Shibeshi

Department of Statistics, College of Natural and Computational Science, Samara University, Afar, Ethiopia
Getnet Mamo Habtie

Department of Statistics, College of Natural and Computational Science, Samara University, Afar, Ethiopia
Kassaye Getaneh Argie

Department of Statistics, College of Natural and Computational Science, Samara University, Afar, Ethiopia

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Abdu Hailu Shibeshi, Getnet Mamo Habtie, Kassaye Getaneh Argie. (2022). Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science. International Journal of Statistical Distributions and Applications, 8(3), 47-54. https://doi.org/10.11648/j.ijsd.20220803.12

Copy | Download

ACS Style

Abdu Hailu Shibeshi; Getnet Mamo Habtie; Kassaye Getaneh Argie. Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science. Int. J. Stat. Distrib. Appl. 2022, 8(3), 47-54. doi: 10.11648/j.ijsd.20220803.12

Copy | Download

AMA Style

Abdu Hailu Shibeshi, Getnet Mamo Habtie, Kassaye Getaneh Argie. Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science. Int J Stat Distrib Appl. 2022;8(3):47-54. doi: 10.11648/j.ijsd.20220803.12

Copy | Download

@article{10.11648/j.ijsd.20220803.12,
  author = {Abdu Hailu Shibeshi and Getnet Mamo Habtie and Kassaye Getaneh Argie},
  title = {Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science},
  journal = {International Journal of Statistical Distributions and Applications},
  volume = {8},
  number = {3},
  pages = {47-54},
  doi = {10.11648/j.ijsd.20220803.12},
  url = {https://doi.org/10.11648/j.ijsd.20220803.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsd.20220803.12},
  abstract = {Savings is one of the most decisive factors for successful economic and personal growth. People desire to save although they tend to postpone saving until they have some stability in their lives. The purpose of this study has been to assess saving habits and identify factors that influence the saving habits of employees at Samara University at the college of science. Of 156 all workers, 111 workers were selected from employees working at Samara University at the college of science. The sampling was based on stratified random sampling and then follows simple random sampling from each group. The analysis was done using binary logistic regression with SPSS version 25.0 statistical software. The results indicate that 64.9% of employees had no saving experience and 35.1% of the respondents have been involved in saving part of their income. The results obtained from the analysis of binary logistic regression indicate that educational level and extra income can significantly affect the saving habits of employees. Furthermore, age, sex, marital status, extra income, cost of expenditures, the habit of saving, method of saving, member of saving association plan to detect extra income and housing status are found to be important factors affecting the saving habits of employees.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Statistical Analysis of Financial Saving Habit of Employees at Samara University in Case of College of Science
AU  - Abdu Hailu Shibeshi
AU  - Getnet Mamo Habtie
AU  - Kassaye Getaneh Argie
Y1  - 2022/08/24
PY  - 2022
N1  - https://doi.org/10.11648/j.ijsd.20220803.12
DO  - 10.11648/j.ijsd.20220803.12
T2  - International Journal of Statistical Distributions and Applications
JF  - International Journal of Statistical Distributions and Applications
JO  - International Journal of Statistical Distributions and Applications
SP  - 47
EP  - 54
PB  - Science Publishing Group
SN  - 2472-3509
UR  - https://doi.org/10.11648/j.ijsd.20220803.12
AB  - Savings is one of the most decisive factors for successful economic and personal growth. People desire to save although they tend to postpone saving until they have some stability in their lives. The purpose of this study has been to assess saving habits and identify factors that influence the saving habits of employees at Samara University at the college of science. Of 156 all workers, 111 workers were selected from employees working at Samara University at the college of science. The sampling was based on stratified random sampling and then follows simple random sampling from each group. The analysis was done using binary logistic regression with SPSS version 25.0 statistical software. The results indicate that 64.9% of employees had no saving experience and 35.1% of the respondents have been involved in saving part of their income. The results obtained from the analysis of binary logistic regression indicate that educational level and extra income can significantly affect the saving habits of employees. Furthermore, age, sex, marital status, extra income, cost of expenditures, the habit of saving, method of saving, member of saving association plan to detect extra income and housing status are found to be important factors affecting the saving habits of employees.
VL  - 8
IS  - 3
ER  -

Copy | Download