Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/214612 
Year of Publication: 
2019
Series/Report no.: 
CREMA Working Paper No. 2019-03
Publisher: 
Center for Research in Economics, Management and the Arts (CREMA), Zürich
Abstract: 
Using World Values Survey data, we show that individuals whose primary language uses the same word for (financial) debt and (moral) guilt have a statistically significant and economically relevant lower probability of borrowing money. This relation holds even when we control for a large array of covariates, fixed effects, grammatical future tense reference, and Germanic language family.
Subjects: 
economics of language
debts
borrowing
behaviour
JEL: 
D14
D83
Z13
Document Type: 
Working Paper

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