主讲人：褚勇强（北卡罗来纳大学夏洛特分校）

讲座摘要：Using nationwide mortgage data, we examine how cultural origins influence household leverage in the US. We find that a household's country of origin can explain up to a 5 percentage point difference in leverage. Using the Global Preference Survey (GPS) to measure cultural origins, we find that most of the GPS culture measures are significantly associated with household leverage. Further analyses of mortgage interest rates and performance suggest that these effects are not driven by supply-side factors. Focusing on census tracts with less than 1\% foreign born population, we find that the effect is not driven by people born outside the US, suggesting that the persistent, slow moving component of culture drives the results.

讲座时间：6月3日（星期二），上午10：00-11：30

线上会议：腾讯会议（会议号：841 899 184）

主讲人简介：褚勇强，北卡罗来纳大学夏洛特分校贝尔克商学院Childress-Klein讲席教授, Childress-Klein房地产中心主任，研究领域包括银行、房地产金融和金融机构及其相关领域。在Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Corporate Finance, Quarterly Journal of Finance, Journal of Real Estate Finance and Economics等国际金融期刊发表文章30余篇。

主办：中国互联网经济研究院

此次讲座获“中央高校基本科研业务费”支持，特此致谢。

撰稿：李东阳      排版：王昱洁

初审：孙宝文      复审：王立勇