Determinants of credit card delinquency and bankruptcy: Macroeconomic factors | Zendy

Sumit Agarwal | Zendy; Chunlin Liu | Zendy

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Determinants of credit card delinquency and bankruptcy: Macroeconomic factors

Author(s) -

Sumit Agarwal,

Chunlin Liu

Publication year - 2003

Publication title -

journal of economics and finance

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.244

H-Index - 30

eISSN - 1938-9744

pISSN - 1055-0925

DOI - 10.1007/bf02751591

Subject(s) - juvenile delinquency , bankruptcy , unemployment , credit card , economics , affect (linguistics) , monetary economics , criminology , finance , macroeconomics , psychology , payment , communication

In this paper, we examine how county unemployment rates affect consumers' delinquency and bankruptcy behavior by focusing on the credit card market. In particular, after controlling for credit supply and shocks like divorce and health coverage we investigate whether consumer propensity for delinquency and bankruptcy changes with respect to the macroeconomic fluctuations across counties. Our results show that county unemployment rates significantly influence delinquency.

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