Determinants of credit to households: An approach using the life-cycle model

作者：Rubaszek Michal; Serwa Dobromil^*

来源：Economic Systems, 2014, 38(4): 572-587.

DOI：10.1016/j.ecosys.2014.05.004

• Household credit
• Life-cycle economies
• Banking sector

This paper applies a life-cycle model with individual income uncertainty in order to investigate the determinants of credit to households. We show that the household credit to GDP ratio depends on the lending-deposit interest rate spread, individual income uncertainty, and individual income persistence. We subsequently provide empirical evidence for the prediction of a theoretical model on the basis of data from OECD and EU countries.

• 出版日期2014-12