household sector to demonstrate the methodology, and we show that conventional estimates under-estimate the true default …

Default rates on instalment loans vary with type of the good purchased. Using an Italian dataset of instalment loans … default rates across the different types of goods is due to unobserved individual heterogeneity (selection effect) or due to … more likely to default on any loan, while those buying kitchen appliances, furniture and computers are more likely to repay …

Default rates on instalment loans vary with type of the good purchased. Using an Italian dataset of instalment loans …-specific characteristics, and for the potential selection bias due to credit rationing. We explore whether the residual variation in default … motorcycles on credit are more likely to default on any loan, while those buying kitchen appliances, furniture and computers are …

How does the punishment for default affect repayment behavior? We use administrative data, provided by the leading … particularly well suited to study what factors are responsible for default, but raise a fundamental econometric problem, since they …

How does the punishment for default affect repayment behavior? We use administrative data provided by the leading …