Credit Constraints and Fraud Victimization
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 victimization.
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Format: | Working Paper biblioteca |
Language: | English |
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World Bank, Washington, DC
2020-10
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Subjects: | CREDIT CONSTRAINT, FRAUD, VICTIMIZATION, PRIVATIZATION, BANKING REFORM, FINANCIAL COVERAGE, FRAUD VICTIM, |
Online Access: | http://documents.worldbank.org/curated/en/443311603820960549/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey https://hdl.handle.net/10986/34693 |
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dig-okr-10986346932024-12-18T03:29:40Z Credit Constraints and Fraud Victimization Evidence from a Representative Chinese Household Survey Gao, Nan Ma, Yuanyuan Xu, Lixin Colin CREDIT CONSTRAINT FRAUD VICTIMIZATION PRIVATIZATION BANKING REFORM FINANCIAL COVERAGE FRAUD VICTIM 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 victimization. 2020-10-29T14:14:29Z 2020-10-29T14:14:29Z 2020-10 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/443311603820960549/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey https://hdl.handle.net/10986/34693 English Policy Research Working Paper;No. 9460 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain World Bank, Washington, DC |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
language |
English |
topic |
CREDIT CONSTRAINT FRAUD VICTIMIZATION PRIVATIZATION BANKING REFORM FINANCIAL COVERAGE FRAUD VICTIM CREDIT CONSTRAINT FRAUD VICTIMIZATION PRIVATIZATION BANKING REFORM FINANCIAL COVERAGE FRAUD VICTIM |
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CREDIT CONSTRAINT FRAUD VICTIMIZATION PRIVATIZATION BANKING REFORM FINANCIAL COVERAGE FRAUD VICTIM CREDIT CONSTRAINT FRAUD VICTIMIZATION PRIVATIZATION BANKING REFORM FINANCIAL COVERAGE FRAUD VICTIM Gao, Nan Ma, Yuanyuan Xu, Lixin Colin Credit Constraints and Fraud Victimization |
description |
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 victimization. |
format |
Working Paper |
topic_facet |
CREDIT CONSTRAINT FRAUD VICTIMIZATION PRIVATIZATION BANKING REFORM FINANCIAL COVERAGE FRAUD VICTIM |
author |
Gao, Nan Ma, Yuanyuan Xu, Lixin Colin |
author_facet |
Gao, Nan Ma, Yuanyuan Xu, Lixin Colin |
author_sort |
Gao, Nan |
title |
Credit Constraints and Fraud Victimization |
title_short |
Credit Constraints and Fraud Victimization |
title_full |
Credit Constraints and Fraud Victimization |
title_fullStr |
Credit Constraints and Fraud Victimization |
title_full_unstemmed |
Credit Constraints and Fraud Victimization |
title_sort |
credit constraints and fraud victimization |
publisher |
World Bank, Washington, DC |
publishDate |
2020-10 |
url |
http://documents.worldbank.org/curated/en/443311603820960549/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey https://hdl.handle.net/10986/34693 |
work_keys_str_mv |
AT gaonan creditconstraintsandfraudvictimization AT mayuanyuan creditconstraintsandfraudvictimization AT xulixincolin creditconstraintsandfraudvictimization AT gaonan evidencefromarepresentativechinesehouseholdsurvey AT mayuanyuan evidencefromarepresentativechinesehouseholdsurvey AT xulixincolin evidencefromarepresentativechinesehouseholdsurvey |
_version_ |
1819034498542600192 |