Household and bank determinants of loan probability, loan amount, and deposit pricing
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . |
|---|---|---|---|---|---|---|
| . | I(Loan) . | ln(FinalDebt) . | Dspread . | I(Loan) . | ln(FinalDebt) . | Dspread . |
| I(Parent) | –0.022*** | 0.635*** | –0.156*** | –0.023*** | 0.446*** | –0.135*** |
| (0.000) | (0.005) | (0.003) | (0.000) | (0.005) | (0.009) | |
| I(Retired) | 0.013*** | –2.797*** | –0.040*** | 0.029*** | –1.235*** | –0.029*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.004) | (0.004) | |
| ln(Inc) | 0.008*** | 0.932*** | –0.011*** | 0.003*** | 0.590*** | –0.016*** |
| (0.000) | (0.002) | (0.000) | (0.000) | (0.002) | (0.002) | |
| ln(Wealth) | 0.001*** | 0.142*** | –0.027*** | 0.001*** | 0.086*** | –0.027*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| ln(Deposits) | 0.003*** | –0.062*** | –0.005*** | 0.003*** | –0.059*** | –0.005*** |
| (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | (0.001) | |
| I(Age <30) | 0.075*** | 0.999*** | –0.258*** | 0.074*** | 0.827*** | –0.281*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.003) | (0.007) | |
| HH’s # of banks | –0.013*** | 0.582*** | –0.086*** | –0.014*** | 0.478*** | –0.078*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| Multiproduct HH | 0.086*** | 0.082*** | ||||
| (0.001) | (0.010) | |||||
| Constant | –0.027*** | –3.759*** | 1.608*** | –0.007*** | 1.229*** | 1.644*** |
| (0.001) | (0.020) | (0.003) | (0.001) | (0.025) | (0.013) | |
| Observations | 17,090,102 | 17,090,102 | 7,806,169 | 16,860,604 | 16,860,604 | 7,684,772 |
| R 2 | .047 | .199 | .027 | .058 | .229 | .041 |
| M*S*E FE | N | N | N | Y | Y | Y |
| Cluster | Rel | Rel | Rel | M*S*E | M*S*E | M*S*E |
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . |
|---|---|---|---|---|---|---|
| . | I(Loan) . | ln(FinalDebt) . | Dspread . | I(Loan) . | ln(FinalDebt) . | Dspread . |
| I(Parent) | –0.022*** | 0.635*** | –0.156*** | –0.023*** | 0.446*** | –0.135*** |
| (0.000) | (0.005) | (0.003) | (0.000) | (0.005) | (0.009) | |
| I(Retired) | 0.013*** | –2.797*** | –0.040*** | 0.029*** | –1.235*** | –0.029*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.004) | (0.004) | |
| ln(Inc) | 0.008*** | 0.932*** | –0.011*** | 0.003*** | 0.590*** | –0.016*** |
| (0.000) | (0.002) | (0.000) | (0.000) | (0.002) | (0.002) | |
| ln(Wealth) | 0.001*** | 0.142*** | –0.027*** | 0.001*** | 0.086*** | –0.027*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| ln(Deposits) | 0.003*** | –0.062*** | –0.005*** | 0.003*** | –0.059*** | –0.005*** |
| (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | (0.001) | |
| I(Age <30) | 0.075*** | 0.999*** | –0.258*** | 0.074*** | 0.827*** | –0.281*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.003) | (0.007) | |
| HH’s # of banks | –0.013*** | 0.582*** | –0.086*** | –0.014*** | 0.478*** | –0.078*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| Multiproduct HH | 0.086*** | 0.082*** | ||||
| (0.001) | (0.010) | |||||
| Constant | –0.027*** | –3.759*** | 1.608*** | –0.007*** | 1.229*** | 1.644*** |
| (0.001) | (0.020) | (0.003) | (0.001) | (0.025) | (0.013) | |
| Observations | 17,090,102 | 17,090,102 | 7,806,169 | 16,860,604 | 16,860,604 | 7,684,772 |
| R 2 | .047 | .199 | .027 | .058 | .229 | .041 |
| M*S*E FE | N | N | N | Y | Y | Y |
| Cluster | Rel | Rel | Rel | M*S*E | M*S*E | M*S*E |
Household characteristics until the indicator for age below 30 as above. HH’s # of banks is the number of banks with which the household entertains a relationship in that year. Multiproduct HH is an indicator for households that have both deposits and a loan in that bank relationship. Columns 1–3 without fixed effects and with standard errors clustered by bank relationship. Columns 4–6 include municipality × salary × education fixed effects and cluster standard errors by these same categories.
p < .1;
p < .05;
p < .01.
Household and bank determinants of loan probability, loan amount, and deposit pricing
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . |
|---|---|---|---|---|---|---|
| . | I(Loan) . | ln(FinalDebt) . | Dspread . | I(Loan) . | ln(FinalDebt) . | Dspread . |
| I(Parent) | –0.022*** | 0.635*** | –0.156*** | –0.023*** | 0.446*** | –0.135*** |
| (0.000) | (0.005) | (0.003) | (0.000) | (0.005) | (0.009) | |
| I(Retired) | 0.013*** | –2.797*** | –0.040*** | 0.029*** | –1.235*** | –0.029*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.004) | (0.004) | |
| ln(Inc) | 0.008*** | 0.932*** | –0.011*** | 0.003*** | 0.590*** | –0.016*** |
| (0.000) | (0.002) | (0.000) | (0.000) | (0.002) | (0.002) | |
| ln(Wealth) | 0.001*** | 0.142*** | –0.027*** | 0.001*** | 0.086*** | –0.027*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| ln(Deposits) | 0.003*** | –0.062*** | –0.005*** | 0.003*** | –0.059*** | –0.005*** |
| (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | (0.001) | |
| I(Age <30) | 0.075*** | 0.999*** | –0.258*** | 0.074*** | 0.827*** | –0.281*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.003) | (0.007) | |
| HH’s # of banks | –0.013*** | 0.582*** | –0.086*** | –0.014*** | 0.478*** | –0.078*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| Multiproduct HH | 0.086*** | 0.082*** | ||||
| (0.001) | (0.010) | |||||
| Constant | –0.027*** | –3.759*** | 1.608*** | –0.007*** | 1.229*** | 1.644*** |
| (0.001) | (0.020) | (0.003) | (0.001) | (0.025) | (0.013) | |
| Observations | 17,090,102 | 17,090,102 | 7,806,169 | 16,860,604 | 16,860,604 | 7,684,772 |
| R 2 | .047 | .199 | .027 | .058 | .229 | .041 |
| M*S*E FE | N | N | N | Y | Y | Y |
| Cluster | Rel | Rel | Rel | M*S*E | M*S*E | M*S*E |
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . |
|---|---|---|---|---|---|---|
| . | I(Loan) . | ln(FinalDebt) . | Dspread . | I(Loan) . | ln(FinalDebt) . | Dspread . |
| I(Parent) | –0.022*** | 0.635*** | –0.156*** | –0.023*** | 0.446*** | –0.135*** |
| (0.000) | (0.005) | (0.003) | (0.000) | (0.005) | (0.009) | |
| I(Retired) | 0.013*** | –2.797*** | –0.040*** | 0.029*** | –1.235*** | –0.029*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.004) | (0.004) | |
| ln(Inc) | 0.008*** | 0.932*** | –0.011*** | 0.003*** | 0.590*** | –0.016*** |
| (0.000) | (0.002) | (0.000) | (0.000) | (0.002) | (0.002) | |
| ln(Wealth) | 0.001*** | 0.142*** | –0.027*** | 0.001*** | 0.086*** | –0.027*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| ln(Deposits) | 0.003*** | –0.062*** | –0.005*** | 0.003*** | –0.059*** | –0.005*** |
| (0.000) | (0.000) | (0.000) | (0.000) | (0.000) | (0.001) | |
| I(Age <30) | 0.075*** | 0.999*** | –0.258*** | 0.074*** | 0.827*** | –0.281*** |
| (0.000) | (0.003) | (0.001) | (0.000) | (0.003) | (0.007) | |
| HH’s # of banks | –0.013*** | 0.582*** | –0.086*** | –0.014*** | 0.478*** | –0.078*** |
| (0.000) | (0.001) | (0.000) | (0.000) | (0.001) | (0.002) | |
| Multiproduct HH | 0.086*** | 0.082*** | ||||
| (0.001) | (0.010) | |||||
| Constant | –0.027*** | –3.759*** | 1.608*** | –0.007*** | 1.229*** | 1.644*** |
| (0.001) | (0.020) | (0.003) | (0.001) | (0.025) | (0.013) | |
| Observations | 17,090,102 | 17,090,102 | 7,806,169 | 16,860,604 | 16,860,604 | 7,684,772 |
| R 2 | .047 | .199 | .027 | .058 | .229 | .041 |
| M*S*E FE | N | N | N | Y | Y | Y |
| Cluster | Rel | Rel | Rel | M*S*E | M*S*E | M*S*E |
Household characteristics until the indicator for age below 30 as above. HH’s # of banks is the number of banks with which the household entertains a relationship in that year. Multiproduct HH is an indicator for households that have both deposits and a loan in that bank relationship. Columns 1–3 without fixed effects and with standard errors clustered by bank relationship. Columns 4–6 include municipality × salary × education fixed effects and cluster standard errors by these same categories.
p < .1;
p < .05;
p < .01.
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