Publication:
Credit Constraints and Fraud Victimization: Evidence from a Representative Chinese Household Survey

dc.contributor.author Gao, Nan
dc.contributor.author Ma, Yuanyuan
dc.contributor.author Xu, Lixin Colin
dc.date.accessioned 2020-10-29T14:14:29Z
dc.date.available 2020-10-29T14:14:29Z
dc.date.issued 2020-10
dc.description.abstract Using a novel, nationally representative data set on fraud victimization, this paper examines the impact of credit constraints on fraud victimization and potential underlying mechanisms in Chinese urban areas. After controlling for other household characteristics and regional fixed effects, households facing credit constraints are associated with 2.3 percentage points higher probability of becoming fraud victims, and have 20.4 percent higher subsequent economic losses from fraud when they are approached. The results are robust when dealing with the endogeneity of facing credit constraints and when addressing potential sample selection bias. Further analyses show that the personal discount rate (impatience) and the need for social network expansion are critical pathways via which credit constraints affect fraud victimization. The findings suggest that improving financial development is an effective way to reduce fraud victimization. en
dc.identifier http://documents.worldbank.org/curated/en/443311603820960549/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey
dc.identifier.uri http://hdl.handle.net/10986/34693
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper;No. 9460
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject CREDIT CONSTRAINT
dc.subject FRAUD
dc.subject VICTIMIZATION
dc.subject PRIVATIZATION
dc.subject BANKING REFORM
dc.subject FINANCIAL COVERAGE
dc.subject FRAUD VICTIM
dc.title Credit Constraints and Fraud Victimization en
dc.title.subtitle Evidence from a Representative Chinese Household Survey en
dc.type Working Paper en
dc.type Document de travail fr
dc.type Documento de trabajo es
dspace.entity.type Publication
okr.date.disclosure 2020-10-27
okr.doctype Publications & Research
okr.doctype Publications & Research :: Policy Research Working Paper
okr.docurl http://documents.worldbank.org/curated/en/443311603820960549/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey
okr.identifier.doi 10.1596/1813-9450-9460
okr.identifier.externaldocumentum 090224b087f1fa1c_1_0
okr.identifier.internaldocumentum 32519916
okr.identifier.report WPS9460
okr.imported true en
okr.language.supported en
okr.pdfurl http://documents.worldbank.org/curated/en/443311603820960549/pdf/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey.pdf en
okr.region.administrative East Asia and Pacific
okr.region.country China
okr.statistics.combined 903
okr.statistics.dr 443311603820960549
okr.statistics.drstats 417
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.topic Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic Finance and Financial Sector Development :: Financial Literacy
okr.topic Finance and Financial Sector Development :: Financial Regulation & Supervision
okr.topic Finance and Financial Sector Development :: Financial Sector and Social Assistance
okr.topic Private Sector Development :: Privatization
okr.topic Social Development :: Crime and Society
okr.unit Development Research Group, Development Economics
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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