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Joint liability borrowing and suicide: The case of Japan

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  • Chen, Joe
  • Choi, Yun Jeong
  • Sawada, Yasuyuki

Abstract

This paper develops a model for joint liability borrowings that facilitates credit market transactions ex ante, but may induce the borrower's suicide ex post through the stigma associated with default. A Japanese suicide survey provides some supportive evidence.

Suggested Citation

  • Chen, Joe & Choi, Yun Jeong & Sawada, Yasuyuki, 2010. "Joint liability borrowing and suicide: The case of Japan," Economics Letters, Elsevier, vol. 109(2), pages 69-71, November.
    • Handle: RePEc:eee:ecolet:v:109:y:2010:i:2:p:69-71
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    References listed on IDEAS

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    1. Kono, Hisaki, 2006. "Is Group Lending A Good Enforcement Scheme for Achieving High Repayment Rates?: Evidence from Field Experiments in Vietnam," IDE Discussion Papers 61, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    2. Ghatak, Maitreesh, 2000. "Screening by the Company You Keep: Joint Liability Lending and the Peer Selection Effect," Economic Journal, Royal Economic Society, vol. 110(465), pages 601-631, July.
    3. Besley, Timothy & Coate, Stephen, 1995. "Group lending, repayment incentives and social collateral," Journal of Development Economics, Elsevier, vol. 46(1), pages 1-18, February.
    4. Besley, Timothy, 1995. "Savings, credit and insurance," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 36, pages 2123-2207, Elsevier.
    5. Hamermesh, Daniel S & Soss, Neal M, 1974. "An Economic Theory of Suicide," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 83-98, Jan.-Feb..
    6. Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," The World Bank Economic Review, World Bank, vol. 4(3), pages 351-366, September.
    7. Beatriz Armendáriz & Jonathan Morduch, 2010. "The Economics of Microfinance, Second Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262014106, December.
    8. Ryoichi Watanabe & Masakazu Furukawa & Ryota Nakamura & Yoshiaki Ogura, 2006. "Analysis of the Socioeconomic Difficulties Affecting the Suicide Rate in Japan," KIER Working Papers 626, Kyoto University, Institute of Economic Research.
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    Cited by:

    1. Ikeda Shin S., 2016. "Graphical analyses of occupation-wise suicide risk in Japan," GRIPS Discussion Papers 16-03, National Graduate Institute for Policy Studies.
    2. Carla Blázquez-Fernández & David Cantarero-Prieto & Marta Pascual-Sáez, 2017. "What Does It Drive the Relationship Between Suicides and Economic Conditions? New Evidence from Spain," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 130(3), pages 1087-1099, February.
    3. Sok Chul Hong & Jungmin Lee, 2015. "People on the verge of death: evidence from impacts of celebrity suicides," Applied Economics, Taylor & Francis Journals, vol. 47(7), pages 710-724, February.

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    Keywords

    Joint liability Suicide Stigma;

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