Credit constraints and fraud victimization: Evidence from a representative Chinese household survey
L.COLIN XU, NAN GAO, YUANYUAN MA, 21 December 2020
Fraud victimization has profound economic and social implications. With the widespread leakage of private information and ever-evolving fraud schemes, people frequently encounter fraud schemes. Millions of people suffer from fraud victimization with enormous economic losses every year. A Federal Trade Commission survey reveals that 15.9 percent of the respondents were victims of fraud in 2017, which represents approximately 40 million U.S. adults. The direct monetary costs incurred by victimization could reach $50 billion (Brenner et al. 2020). Continue reading “Article: Credit constraints and fraud victimization: Evidence from a representative Chinese household survey”
