| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9238 |
| DP9238 Household Debt and Social Interactions | |
| Michael Haliassos; Dimitris Georgarakos | |
| 发表日期 | 2012-12-02 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Debt-induced crises, including the subprime crisis, are usually attributed exclusively to supply-side factors. We examine the role of social influences on debt culture, emanating from perceived average income of peers. Utilizing unique information from a household survey, representative of the Dutch population, that circumvents the issue of defining the social circle, we consider collateralized, consumer, and informal loans. We find robust social effects on borrowing - especially among those who consider themselves poorer than their peers - and on indebtedness, suggesting a link to financial distress. We employ a number of approaches to rule out spurious associations and to handle correlated effects. |
| 主题 | Financial Economics |
| 关键词 | Consumer credit Household debt Household finance Informal loans Mortgages Social interactions |
| URL | https://cepr.org/publications/dp9238 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538073 |
| 推荐引用方式 GB/T 7714 | Michael Haliassos,Dimitris Georgarakos. DP9238 Household Debt and Social Interactions. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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