Determinants of Credit to Households : An Approach Using the Life-Cycle Model

This paper applies a life-cycle model with individual income uncertainty in order to investigate the determinants of credit to households. We show that the household credit to GDP ratio depends on the lending-deposit interest rate spread, individual income uncertainty, and individual income persistence. We subsequently provide empirical evidence for the prediction of a theoretical model on the basis of data from OECD and EU countries

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Year of publication:	2015
Authors:	Rubaszek, Michał
Other Persons:	Serwa, Dobromił (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Privater Haushalt \| Household \| Lebenszyklus \| Life cycle \| Schätzung \| Estimation \| Verbraucherkredit \| Consumer credit \| Theorie \| Theory
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Systems, Vol. 38, No. 4, 2014 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2014 erstellt Volltext nicht verfügbar
Classification:	E21 - Consumption; Saving ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E51 - Money Supply; Credit; Money Multipliers
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013012913