| 000 -LEADER |
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| fixed length control field |
01335nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210710b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Kreiner, C.T., Petersen, S.L. and Olsen, L.C.W. |
| 245 ## - TITLE STATEMENT |
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| Title |
Financial trouble across generations: Evidence from the universe of personal loans in Denmark |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
The Economic Journal: A Journal of the Royal Economic Society |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
130(625), Jan, 2020: p.233-262 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
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. – Reproduced
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| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
The Economic Journal: A Journal of the Royal Economic Society |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
PERSONAL FINANCE - DENMARK |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
