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The Local Risk of Credit Default A Driver of Segregation by efayena oba is a document available to read on EtoBox.
What is The Local Risk of Credit Default A Driver of Segregation about?
The study examines the relationship between local credit default risk and residential segregation in Germany, revealing that well-off households are willing to pay higher rents to avoid areas with high financial delinquency. It finds that lower educational attainment correlates with increased credit default risk, suggesting a generational transmission of financial difficulties. The authors recommend community efforts to enhance education, financial literacy, and access to finance to mitigate these issues.
- Author
- efayena oba
- Language
- EN