Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

Standard

Financial Trouble Across Generations : Evidence from the Universe of Personal Loans in Denmark. / Kreiner, Claus Thustrup; Leth-Petersen, Søren; Willerslev-Olsen, Louise Charlotte.

I: Economic Journal, Bind 130, Nr. 625, 01.01.2020, s. 233-262.

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

Harvard

Kreiner, CT, Leth-Petersen, S & Willerslev-Olsen, LC 2020, 'Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark', Economic Journal, bind 130, nr. 625, s. 233-262. https://doi.org/10.1093/ej/uez046

APA

Kreiner, C. T., Leth-Petersen, S., & Willerslev-Olsen, L. C. (2020). Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark. Economic Journal, 130(625), 233-262. https://doi.org/10.1093/ej/uez046

Vancouver

Kreiner CT, Leth-Petersen S, Willerslev-Olsen LC. Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark. Economic Journal. 2020 jan. 1;130(625):233-262. https://doi.org/10.1093/ej/uez046

Author

Kreiner, Claus Thustrup ; Leth-Petersen, Søren ; Willerslev-Olsen, Louise Charlotte. / Financial Trouble Across Generations : Evidence from the Universe of Personal Loans in Denmark. I: Economic Journal. 2020 ; Bind 130, Nr. 625. s. 233-262.

Bibtex

@article{768db16539c64d71807f3405bb076e83,
title = "Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark",
abstract = "This article uses administrative data with longitudinal information about defaults for the entire Danish population to analyse the driving forces behind financial problems. Non-parametric evidence shows that the default propensity is more than four times higher for individuals with parents in default compared with that for individuals with parents not in default. This intergenerational relationship is apparent soon after children move into adulthood and become legally able to borrow, and is remarkably stable across parental income levels, childhood school performances, levels of loan balances and time periods. The evidence indicates that inherited financial behaviour is important for explaining differences in financial trouble.",
author = "Kreiner, {Claus Thustrup} and S{\o}ren Leth-Petersen and Willerslev-Olsen, {Louise Charlotte}",
year = "2020",
month = jan,
day = "1",
doi = "10.1093/ej/uez046",
language = "English",
volume = "130",
pages = "233--262",
journal = "The Economic Journal",
issn = "0013-0133",
publisher = "Wiley",
number = "625",

}

RIS

TY - JOUR

T1 - Financial Trouble Across Generations

T2 - Evidence from the Universe of Personal Loans in Denmark

AU - Kreiner, Claus Thustrup

AU - Leth-Petersen, Søren

AU - Willerslev-Olsen, Louise Charlotte

PY - 2020/1/1

Y1 - 2020/1/1

N2 - This article uses administrative data with longitudinal information about defaults for the entire Danish population to analyse the driving forces behind financial problems. Non-parametric evidence shows that the default propensity is more than four times higher for individuals with parents in default compared with that for individuals with parents not in default. This intergenerational relationship is apparent soon after children move into adulthood and become legally able to borrow, and is remarkably stable across parental income levels, childhood school performances, levels of loan balances and time periods. The evidence indicates that inherited financial behaviour is important for explaining differences in financial trouble.

AB - This article uses administrative data with longitudinal information about defaults for the entire Danish population to analyse the driving forces behind financial problems. Non-parametric evidence shows that the default propensity is more than four times higher for individuals with parents in default compared with that for individuals with parents not in default. This intergenerational relationship is apparent soon after children move into adulthood and become legally able to borrow, and is remarkably stable across parental income levels, childhood school performances, levels of loan balances and time periods. The evidence indicates that inherited financial behaviour is important for explaining differences in financial trouble.

U2 - 10.1093/ej/uez046

DO - 10.1093/ej/uez046

M3 - Journal article

AN - SCOPUS:85081739803

VL - 130

SP - 233

EP - 262

JO - The Economic Journal

JF - The Economic Journal

SN - 0013-0133

IS - 625

ER -

ID: 248600576