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

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Standard

Field of Study and Financial Problems : How Economics Reduces the Risk of Default. / Hvidberg, Kristoffer Balle.

I: Review of Financial Studies, Bind 36, Nr. 11, 03.05.2023, s. 4677–4711.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Hvidberg, KB 2023, 'Field of Study and Financial Problems: How Economics Reduces the Risk of Default', Review of Financial Studies, bind 36, nr. 11, s. 4677–4711. https://doi.org/10.1093/rfs/hhad034

APA

Hvidberg, K. B. (2023). Field of Study and Financial Problems: How Economics Reduces the Risk of Default. Review of Financial Studies, 36(11), 4677–4711. https://doi.org/10.1093/rfs/hhad034

Vancouver

Hvidberg KB. Field of Study and Financial Problems: How Economics Reduces the Risk of Default. Review of Financial Studies. 2023 maj 3;36(11):4677–4711. https://doi.org/10.1093/rfs/hhad034

Author

Hvidberg, Kristoffer Balle. / Field of Study and Financial Problems : How Economics Reduces the Risk of Default. I: Review of Financial Studies. 2023 ; Bind 36, Nr. 11. s. 4677–4711.

Bibtex

@article{18e32ae6d1274ca8bf103b7bd0aafc91,
title = "Field of Study and Financial Problems: How Economics Reduces the Risk of Default",
abstract = "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{\textquoteright}s income.",
author = "Hvidberg, {Kristoffer Balle}",
year = "2023",
month = may,
day = "3",
doi = "10.1093/rfs/hhad034",
language = "English",
volume = "36",
pages = "4677–4711",
journal = "Review of Financial Studies",
issn = "0893-9454",
publisher = "Oxford University Press",
number = "11",

}

RIS

TY - JOUR

T1 - Field of Study and Financial Problems

T2 - How Economics Reduces the Risk of Default

AU - Hvidberg, Kristoffer Balle

PY - 2023/5/3

Y1 - 2023/5/3

N2 - 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.

AB - 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.

U2 - 10.1093/rfs/hhad034

DO - 10.1093/rfs/hhad034

M3 - Journal article

VL - 36

SP - 4677

EP - 4711

JO - Review of Financial Studies

JF - Review of Financial Studies

SN - 0893-9454

IS - 11

ER -

ID: 371275362