 Credit card delinquency: How much is the Internet to blame?Ficawoyi Donou-Adonsou and Hem C. Basnet The North American Journal of Economics and Finance, 2019, vol. 48, issue C, 481-497 Abstract: This study examines whether Internet access makes households more vulnerable to credit card delinquencies. It is presumed, for a variety of reasons, that online accessibility increases opportunities to spend more. By using the Survey of Consumer Finance and the probit model, this paper shows a positive relationship between Internet access and credit card delinquencies. At the sample mean, the probability of delinquency increases by 0.474 for households with Internet access compared to those with no access. This result is robust to an alternative definition of delinquency. However, the impact is not uniform across different household subgroups, and the results suggest that with Internet access, lower income households, male households, White households, non-senior households, and married households are more likely to become delinquent. Keywords: Internet; Credit card delinquency; Survey of Consumer Finance; Probit model (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecofin:v:48:y:2019:i:c:p:481-497 DOI: 10.1016/j.najef.2019.03.013 Access Statistics for this article The North American Journal of Economics and Finance is currently edited by Hamid Beladi More articles in The North American Journal of Economics and Finance from Elsevier |
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