| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13468 |
| DP13468 Credit and Income | |
| Manthos Delis; Fulvia Fringuellotti; Steven Ongena | |
| 发表日期 | 2019-01-20 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Using a unique data set of business loan applications to a single bank from individuals who are majority owners of small firms, we study how bank credit origination or denial affects individuals’ income. The bank cutoff rule based on the applicants’ credit score creates a sharp discontinuity in the decision to originate loans or not. We show that loan origination increases recipients’ income five years onward by more than 10% compared to denied applicants. The effect is more pronounced in rural and low-income areas. Our results suggest an important role for banks` credit decisions on the distribution of income. |
| 主题 | Financial Economics |
| 关键词 | Credit constraints Income Business loans Income inequality Regression discontinuity design |
| URL | https://cepr.org/publications/dp13468 |
| 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/542283 |
| 推荐引用方式 GB/T 7714 | Manthos Delis,Fulvia Fringuellotti,Steven Ongena. DP13468 Credit and Income. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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