Georgarakos, D. and Fürth, S. (2015) Household repayment behavior: The role of social capital and institutional, political, and religious beliefs. European Journal of Political Economy, 37, pp. 249-265. (doi: 10.1016/j.ejpoleco.2014.10.001)
Full text not currently available from Enlighten.
Abstract
We examine the influence of social capital and various prevailing beliefs on household repayment behavior in Europe, after accounting for household-specific characteristics and country differences in institutions. Arrears are more common among households living in regions with dense corruption beliefs, low confidence in institutions and authorities, and a low fraction of religious people. Moreover, high stocks of social capital reduce the likelihood of arrears, net of the influence of various potentially relevant factors. Households in these communities face a higher hazard of losing standing in the group and access to the positive externalities of social capital.
Item Type: | Articles |
---|---|
Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Georgarakos, Professor Dimitris |
Authors: | Georgarakos, D., and Fürth, S. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | European Journal of Political Economy |
Publisher: | Elsevier |
ISSN: | 0176-2680 |
Published Online: | 23 October 2014 |
University Staff: Request a correction | Enlighten Editors: Update this record