Joint liability borrowing and suicide: The case of Japan

Joe Chen, Yun Jeong Choi, Yasuyuki Sawada

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)

Abstract

This paper develops a model for joint liability borrowings that facilitates credit market transactions ex ante, but may induce the borrower's suicide ex post through the stigma associated with default. A Japanese suicide survey provides some supportive evidence.

Original languageEnglish
Pages (from-to)69-71
Number of pages3
JournalEconomics Letters
Volume109
Issue number2
DOIs
Publication statusPublished - 2010 Nov

Bibliographical note

Funding Information:
We gratefully acknowledge comments from Hidehiko Ichimura, Dean Karlan, Edward Miguel, Jonathan Morduch, and Tomoya Suzuki. This research is supported financially by the Research Center for the Relationship between Market Economy and Non-market Institutions (CEMANO) , and 21st Century Center of Excellence (COE) Program of the Graduate School of Economics, University of Tokyo . We also thank an anonymous referee for his/her constructive comments and suggestions.

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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