Modeling Credit Card Borrowing: A Comparison of Type I and Type II Tobit Approaches.
This study focuses on credit cards as a borrowing medium using 1998 Survey of Consumer Finance data. The type II Tobit approach used here overcomes a shortcoming of the conventional type I Tobit model, which restricts the coefficients of the binary borrowing decision (the first step) and balance lev...
| Publicado en: | Southern Economic Journal Vol. 70; no. 1; pp. 128 - 144 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Southern Economic Association
July 2003
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510268366&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510268366 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: July 2003 vid: 70 iid: 1 pid: 1482 pub: Southern Economic Association artinfo: ui: 510268366 10.2307/1061635 ppf: 128 ppct: 16 formats: fmt: @attributes: type: T tig: atl: Modeling Credit Card Borrowing: A Comparison of Type I and Type II Tobit Approaches. aug: au: Min, Insik Kim, Jong-Ho su: Consumer credit Mathematical models Credit cards Tobits sug: subj: Consumer credit Mathematical models Credit cards Tobits ab: This study focuses on credit cards as a borrowing medium using 1998 Survey of Consumer Finance data. The type II Tobit approach used here overcomes a shortcoming of the conventional type I Tobit model, which restricts the coefficients of the binary borrowing decision (the first step) and balance level decision (the second step) to have the same sign. By separately estimating the first and second steps as reduced-form functions in which the overall effects of supply and demand are incorporated, the type II Tobit procedure yields more consistent results with other studies and quantifies the marginal effect (elasticity) of a particular determinant for practical uses. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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