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http://ssrn.com/abstract=1573064
 
 

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Household Repayment Behavior: The Role of Social Capital, Institutional, Political, and Religious Beliefs


Dimitris Georgarakos


Goethe University Frankfurt; Center for Financial Studies (CFS); University of Leicester

Sven Furth


Goethe University Frankfurt - Chair of Banking and Finance; Goethe University Frankfurt - Faculty of Economics and Business Administration

May 4, 2012


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.

Number of Pages in PDF File: 39

Keywords: Social Capital, Trust, Corruption, Beliefs, Household Arrears

JEL Classification: D12, G2, K42

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Date posted: March 24, 2010 ; Last revised: May 5, 2012

Suggested Citation

Georgarakos, Dimitris and Furth, Sven, Household Repayment Behavior: The Role of Social Capital, Institutional, Political, and Religious Beliefs (May 4, 2012). Available at SSRN: http://ssrn.com/abstract=1573064 or http://dx.doi.org/10.2139/ssrn.1573064

Contact Information

Dimitris Georgarakos (Contact Author)
Goethe University Frankfurt ( email )
House of Finance
Grueneburgplatz 1, PF H32
Frankfurt am Main, DE Hessen 60323
Germany
+49 69 798 34033 (Phone)
Center for Financial Studies (CFS)
Grüneburgplatz 1
Frankfurt am Main, 60323
Germany
University of Leicester
Department of Economics
Leicester LE1 7RH, LE1 7RH
United Kingdom
Sven Furth
Goethe University Frankfurt - Chair of Banking and Finance ( email )
Grüneburgplatz 1
P.O. Box 11932
Frankfurt (Main), 60323
Germany
Goethe University Frankfurt - Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, D-60323
Germany
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