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Author: Sokolowsky, Jan
Resulting in 3 citations.
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Guthrie, Katherine Sokolowsky, Jan |
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Obesity and Credit Risk Working Paper, Mason School of Business, College of William and Mary, April 2012. Also: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1786536 Cohort(s): NLSY79 Publisher: Mason School of Business, College of William and Mary Keyword(s): Credit/Credit Constraint; Health/Health Status/SF-12 Scale; Obesity; Weight Permission to reprint the abstract has not been received from the publisher. Obesity provides a potentially informative signal about individuals' choices and preferences. Using NLSY survey data, we estimate that the loan delinquency rate among the obese is 20 percent higher than among the non-obese after controlling for numerous observable, prohibited, and - to lenders - unobservable credit risk factors. The economic significance of obesity for delinquencies is comparable to that of job displacements. Obesity is particularly informative about future delinquencies among those with low credit risk. In terms of channels, we find that the obesity effect is at least partially mediated through poor health, but is not attributable to individuals' time preferences. |
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Bibliography Citation
Guthrie, Katherine and Jan Sokolowsky. "Obesity and Credit Risk." Working Paper, Mason School of Business, College of William and Mary, April 2012. |
| 2. |
Guthrie, Katherine Sokolowsky, Jan |
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Obesity and Household Financial Distress Critical Finance Review 6,1 (2017): 133-178. Also: http://www.nowpublishers.com/article/Details/CFR-0034 Cohort(s): NLSY79 Publisher: Now Publishers Inc. Keyword(s): Credit/Credit Constraint; Debt/Borrowing; Obesity Permission to reprint the abstract has not been received from the publisher. Obesity provides a potentially informative signal about individuals' choices and preferences. Using National Longitudinal Survey of Youth (NLSY) data, we estimate that debt delinquency is 20 percent higher among the obese than the non-obese after controlling for an extensive set of financial and economic credit risk factors. The economic significance of obesity for delinquencies is comparable to that of job displacements. Obesity is particularly informative about delinquencies among those with low credit risk. In terms of channels, we find that the conditional obesity effect is partially mediated through health, but is not attributable to individuals' attitudes, time and risk preferences, or cognitive skills. |
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Bibliography Citation
Guthrie, Katherine and Jan Sokolowsky. "Obesity and Household Financial Distress." Critical Finance Review 6,1 (2017): 133-178.
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| 3. |
Sokolowsky, Jan |
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Three Essays in Financial Economics Ph.D. Dissertation, Department of Economics, University of Michigan, 2011 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Body Mass Index (BMI); Credit/Credit Constraint; Debt/Borrowing; Obesity Permission to reprint the abstract has not been received from the publisher. In chapter 3 (Obesity, Health Costs, and Credit Risk), we explore the relationship between obesity and household credit risk. Obesity is a known health risk factor and carries a social stigma. Its presence provides a potentially informative signal about individuals' choices and preferences. Using NLSY survey data, we estimate that the loan delinquency rate among the obese is 20% higher than among the non-obese after controlling for numerous observable, prohibited, and -- to lenders -- unobservable credit risk factors. The economic significance of obesity for delinquencies is comparable to that of job displacements. Obesity is particularly informative about future delinquencies among those with low credit risk. In terms of channels, we find that the obesity effect is at least partially mediated through poor health, but is not attributable to individuals' time preferences. |
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Bibliography Citation
Sokolowsky, Jan. Three Essays in Financial Economics. Ph.D. Dissertation, Department of Economics, University of Michigan, 2011. |