研究领域与金融问题：经济学如何降低违约风险

IF 6.8 1区经济学 Q1 BUSINESS, FINANCE

Review of Financial Studies Pub Date : 2023-05-03 DOI:10.1093/rfs/hhad034

Kristoffer Balle Hvidberg

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引用次数: 1

摘要

本文通过将参加商业和经济课程的人与参加其他高等教育课程的人进行比较，记录了广泛的经济教育如何降低陷入财务困境的风险。为了确定因果效应，我利用GPA录取阈值，将接近阈值的申请人准随机分配到不同的高等教育项目中。我发现，参加经济学课程可以将贷款违约和拖欠的可能性降低一半。这种大幅减少与金融行为的变化有关，但与人们收入水平或稳定性的差异无关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Field of Study and Financial Problems: How Economics Reduces the Risk of Default

This paper documents how extensive economic education can reduce the risk of getting into financial trouble by comparing people who enter business and economics programs with people who enter other higher education programs. To identify the causal effect, I exploit GPA admission thresholds that quasi-randomize applicants near the thresholds into different higher education programs. I find that admission to an economics program reduces the probability of loan default and delinquency by one half. This large reduction is associated with changes in financial behavior, but it is not associated with differences in the level or stability of people’s income.

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来源期刊

Review of Financial Studies Multiple-

CiteScore

16.00

自引率

2.40%

发文量

期刊介绍： The Review of Financial Studies is a prominent platform that aims to foster and widely distribute noteworthy research in financial economics. With an expansive editorial board, the Review strives to maintain a balance between theoretical and empirical contributions. The primary focus of paper selection is based on the quality and significance of the research to the field of finance, rather than its level of technical complexity. The scope of finance within the Review encompasses its intersection with economics. Sponsoring The Society for Financial Studies, the Review and the Society appoint editors and officers through limited terms.