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Title:Funding self-employment: The role of consumer credit PDF Logo
Authors:Kneiding, Christoph
Kritikos, Alexander S.
Issue Date:2011
Series/Report no.:Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6093
Abstract:This paper investigates whether self-employed households use consumer loans - in particular instalment loans and overdrafts - to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal overdrafts significantly more often than employee households. When analyzing the correlation between consumer loan take-ups and consumption of self-employed in comparison to employee households, we find first evidence that overdrafts are used by self-employed to finance their business as well. This indicates that intermingling constitutes a financing strategy when regular business loans might not be accessible.
Subjects:small business finance
consumer credit
financial intermingling
JEL:G32
D12
D14
Persistent Identifier of the first edition:urn:nbn:de:101:1-201111213204
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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