| . | (1) . | (2) . |
|---|---|---|
| . | Switcher . | Switcher . |
| I(Age < 30) | 0.069*** | |
| (0.000) | ||
| I(Wealth <P50) | 0.116*** | 0.052*** |
| (0.000) | (0.002) | |
| I(University) | 0.021*** | |
| (0.000) | ||
| Bank tenure | –0.055*** | –0.050*** |
| (0.000) | (0.001) | |
| Constant | 0.395*** | 0.449*** |
| (0.001) | (0.003) | |
| Observations | 3,307,023 | 3,258,934 |
| R 2 | .298 | .357 |
| Municipality × Age × | N | Y |
| Salary × Education FE |
| . | (1) . | (2) . |
|---|---|---|
| . | Switcher . | Switcher . |
| I(Age < 30) | 0.069*** | |
| (0.000) | ||
| I(Wealth <P50) | 0.116*** | 0.052*** |
| (0.000) | (0.002) | |
| I(University) | 0.021*** | |
| (0.000) | ||
| Bank tenure | –0.055*** | –0.050*** |
| (0.000) | (0.001) | |
| Constant | 0.395*** | 0.449*** |
| (0.001) | (0.003) | |
| Observations | 3,307,023 | 3,258,934 |
| R 2 | .298 | .357 |
| Municipality × Age × | N | Y |
| Salary × Education FE |
The sample investigates for all household × year combinations in which a new loan is taken out whether the household did already hold deposits at that bank before (Switcher ; about 75% of cases) or not (Switcher ; about 25% of cases). Standard errors are in parentheses.
p < .1;
p < .05;
p < .01.
| . | (1) . | (2) . |
|---|---|---|
| . | Switcher . | Switcher . |
| I(Age < 30) | 0.069*** | |
| (0.000) | ||
| I(Wealth <P50) | 0.116*** | 0.052*** |
| (0.000) | (0.002) | |
| I(University) | 0.021*** | |
| (0.000) | ||
| Bank tenure | –0.055*** | –0.050*** |
| (0.000) | (0.001) | |
| Constant | 0.395*** | 0.449*** |
| (0.001) | (0.003) | |
| Observations | 3,307,023 | 3,258,934 |
| R 2 | .298 | .357 |
| Municipality × Age × | N | Y |
| Salary × Education FE |
| . | (1) . | (2) . |
|---|---|---|
| . | Switcher . | Switcher . |
| I(Age < 30) | 0.069*** | |
| (0.000) | ||
| I(Wealth <P50) | 0.116*** | 0.052*** |
| (0.000) | (0.002) | |
| I(University) | 0.021*** | |
| (0.000) | ||
| Bank tenure | –0.055*** | –0.050*** |
| (0.000) | (0.001) | |
| Constant | 0.395*** | 0.449*** |
| (0.001) | (0.003) | |
| Observations | 3,307,023 | 3,258,934 |
| R 2 | .298 | .357 |
| Municipality × Age × | N | Y |
| Salary × Education FE |
The sample investigates for all household × year combinations in which a new loan is taken out whether the household did already hold deposits at that bank before (Switcher ; about 75% of cases) or not (Switcher ; about 25% of cases). Standard errors are in parentheses.
p < .1;
p < .05;
p < .01.
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