Credit constraints and fraud victimization : evidence from a representative Chinese household survey / Nan Gao, Yuanyuan Ma, Lixin Colin Xu
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library Archive | Policy research working paper ; 9460Publisher: [Washington, DC, USA] : World Bank Group, Development Economics, Development Research Group, October 2020Description: 1 Online-Ressource (circa 42 Seiten) : IllustrationenSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Credit Constraints and Fraud Victimization: Evidence from a Representative Chinese Household Survey. Druck-Ausgabe Washington, D.C : The World Bank, 2020DOI: DOI: 10.1596/1813-9450-9460Online resources: Summary: Using a novel, nationally representative data set on fraud victimization, this paper examines the impact of credit constraints on fraud victimization and potential underlying mechanisms in Chinese urban areas. After controlling for other household characteristics and regional fixed effects, households facing credit constraints are associated with 2.3 percentage points higher probability of becoming fraud victims, and have 20.4 percent higher subsequent economic losses from fraud when they are approached. The results are robust when dealing with the endogeneity of facing credit constraints and when addressing potential sample selection bias. Further analyses show that the personal discount rate (impatience) and the need for social network expansion are critical pathways via which credit constraints affect fraud victimization. The findings suggest that improving financial development is an effective way to reduce fraud victimizationPPN: PPN: 1743794541Package identifier: Produktsigel: ZDB-110-WBL | ZDB-1-WBA | ZDB-110-WBONo physical items for this record
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