Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5088106 | Journal of Banking & Finance | 2017 | 13 Pages |
Abstract
This paper uses a dataset from a leading American subprime lender, which contains detailed information on borrower and loan characteristics. We find that financial professionals are less likely to become delinquent. This effect cannot be explained by borrower characteristics, such as income, education, loan terms, property characteristics, geographic effects, or strategic default. We also find variation in the effect of working in a financial profession across borrowers of different ages and income levels. We discuss explanations for these results.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Sumit Agarwal, Souphala Chomsisengphet, Yunqi Zhang,