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Table 4 Psychological well-being model

From: Financial scarcity, psychological well-being and perceptions: an evaluation of the Nigerian currency redesign policy outcomes

Dependent Variable: Psychological well-being

Variable

Variable Category

Coefficient

Std. Error

T-ratio

P-value

Intercept

6.167

0.243

25.37

0.000

Marital status

Divorced/Separated

− 0.781

0.073

-10.76

0.000

Married

− 0.321

0.040

-7.93

0.000

Single (R)

0

.

.

.

Age

0.025

0.002

14.23

0.000

Household size

− 0.025

0.007

-3.56

0.000

Financial problem

− 0.480

0.053

-9.06

0.000

Psychological inventory of financial scarcity

− 0.529

0.050

-10.54

0.000

Financial problem* Psychological inventory of financial scarcity

0.088

0.015

5.91

0.000

Geo-political zone

Northcentral

− 0.595

0.050

-11.82

0.000

Northeast

− 0.319

0.066

-4.81

0.000

Northwest

− 0.613

0.089

-6.91

0.000

Southeast

− 0.419

0.045

-9.39

0.000

South-south

− 0.039

0.037

-1.06

0.292

Southwest (R)

0

.

.

.

Income

0.004

0.015

0.308

0.758

Summary Statistics

\( {\varvec{R}}^{2}=0.42\)2

\( {\stackrel{-}{R}}^{2}=0.418\)

F-stat \( (13, 1947) = 35.44, p < 0.01\)

  1. Note. R indicates the reference group or category and hence its estimated coefficient is normalized to zero