Do religious beliefs affect borrowing behavior? Evidence from Chinese households

Zhong Chunping (), Pan Li () and Shu Lingwei ()
Additional contact information
Zhong Chunping: NAES, Chinese Academy of Social Sciences
Pan Li: China Securities Regulatory Commission, China Institute of Finance and Capital Markets and Tsinghua University
Shu Lingwei: New York University

Review of Economics of the Household, 2016, vol. 14, issue 4, No 10, 989-1005

Abstract: Abstract This paper discusses the impact of religious culture on micro financial decisions. Data concerning the religious beliefs of Chinese respondents was collected in 2007. We analyzed the data for the potential influence of religious beliefs on household borrowing decisions. By applying the ordered logit regression methods and IV estimator, we found that respondents with a religious family background borrowed less when other conditions remained unchanged. It was also discovered that, compared with non-believers, Buddhists borrow less than adherents of other religions. No other religious beliefs had a statistically significant influence. That is to say, different religious denominations exert different influences on Chinese household borrowing decisions.

Keywords: Religious believing; Religious denomination; Borrowing behavior (search for similar items in EconPapers)
JEL-codes: D03 D14 G02 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s11150-016-9324-2 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:reveho:v:14:y:2016:i:4:d:10.1007_s11150-016-9324-2

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11150/PS2

DOI: 10.1007/s11150-016-9324-2

Access Statistics for this article

Review of Economics of the Household is currently edited by Shoshana Grossbard

More articles in Review of Economics of the Household from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().