Funding Self-Employment – The Role of Consumer Credit

Christoph Kneiding and Alexander Kritikos
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Christoph Kneiding: http://www.gfa-kritikos.de/

No 5, Working Papers from Hanseatic University, Germany, Department of Economics

Abstract: In this paper we investigate whether consumer loans are used to finance business activities. We show that self-employed households particularly use personal overdrafts significantly more often than employee households. The difference remains when controlling for financial and non-financial household variables. Our findings are corroborated when analyzing the correlation between consumer loan take-ups and consumption of self-employed households. Intermingling of personal and business resources is more likely when the household is credit constrained; when the household head is younger; when the household head’s partner is employed; and when financial assets within the household are lower.

Pages: 28 pages
Date: 2008-03
New Economics Papers: this item is included in nep-bec and nep-ent
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Related works:
Journal Article: Funding self-employment -- the role of consumer credit (2013)
Working Paper: Funding Self-Employment: The Role of Consumer Credit (2011)
Working Paper: Funding Self-Employment: The Role of Consumer Credit (2011)
Working Paper: Funding Self-Employment - The Role of Consumer Credit (2007)
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