Character and creditworthiness: Unveiling the role of job titles in peer‐to‐peer lending
利用Prosper平台数据，研究发现借款人职位头衔所隐含的普遍信任度正向影响贷款成功率和出借人收益，表明职业可作为信用评估的代理变量。
Abstract Using data from the Prosper lending platform, we examine the influence of job‐based trust on credit market dynamics. We find that the generalized trust implied by borrowers' job titles, as a reflection of individuals' ethical and integrity standards in professionals, positively affects listing and loan performance. Our findings reveal that borrowers in highly trusted professions are more likely to experience successful loan listings and yield higher profits for lenders. These results are robust to several endogeneity checks. Overall, results suggest that borrowers' occupations play an important role as a proxy for character and creditworthiness, and contain valuable private information about borrowers.