Social identity of civil servants and online peer-to-peer lending: Evidence from China

Man Zhang, Zhiying Zhang and Xiujuan Tian

Economics Letters, 2023, vol. 229, issue C

Abstract: Using a novel dataset of 1,777,847 peer-to-peer (P2P) transactions between 2010 and 2017, we investigate how the social identity of Chinese civil servants affects P2P lending. The empirical results indicate that the social identity of civil servants leads to a higher probability of obtaining loans and a lower interest rate in P2P lending. Our results thus reveal that Chinese civil servants obtain considerable benefits in the P2P lending market compared with non-civil servants; these empirical results remain robust after considering sample selection bias.

Keywords: Social identity; Civil servants; P2P lending (search for similar items in EconPapers)
JEL-codes: G21 G23 G41 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:229:y:2023:i:c:s0165176523002094

DOI: 10.1016/j.econlet.2023.111184

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