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

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dc.contributor.authorGao, Nan
dc.contributor.authorMa, Yuanyuan
dc.contributor.authorXu, Lixin Colin
dc.date.accessioned2020-10-29T14:14:29Z
dc.date.available2020-10-29T14:14:29Z
dc.date.issued2020-10
dc.description.abstractUsing 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.identifierhttp://documents.worldbank.org/curated/en/443311603820960549/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey
dc.identifier.doi10.1596/1813-9450-9460
dc.identifier.urihttps://hdl.handle.net/10986/34693
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9460
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCREDIT CONSTRAINT
dc.subjectFRAUD
dc.subjectVICTIMIZATION
dc.subjectPRIVATIZATION
dc.subjectBANKING REFORM
dc.subjectFINANCIAL COVERAGE
dc.subjectFRAUD VICTIM
dc.titleCredit Constraints and Fraud Victimizationen
dc.title.subtitleEvidence from a Representative Chinese Household Surveyen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleCredit Constraints and Fraud Victimization: Evidence from a Representative Chinese Household Survey
okr.date.disclosure2020-10-27
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/443311603820960549/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey
okr.guid443311603820960549
okr.identifier.doi10.1596/1813-9450-9460
okr.identifier.doihttps://doi.org/10.1596/1813-9450-9460
okr.identifier.externaldocumentum090224b087f1fa1c_1_0
okr.identifier.internaldocumentum32519916
okr.identifier.reportWPS9460
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/443311603820960549/pdf/Credit-Constraints-and-Fraud-Victimization-Evidence-from-a-Representative-Chinese-Household-Survey.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.statistics.combined1459
okr.statistics.dr443311603820960549
okr.statistics.drstats804
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Financial Sector and Social Assistance
okr.topicPrivate Sector Development::Privatization
okr.topicSocial Development::Crime and Society
okr.unitDevelopment Research Group, Development Economics
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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