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Co-holding behaviour: unlocking the puzzle

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  • Piotr Bialowolski
  • Andrzej Cwynar
  • Dorota Weziak-Bialowolska

Abstract

This article seeks to explain why households decide to simultaneously hold both credit and savings products. Beyond the arguments of ignorance or behavioural biases commonly used in the literature, our analysis demonstrates that co-holders might be rationally seeking lower interest rates on their consumer credit products. Our analysis reveals that additional savings accumulated before credit uptake, even if not used as a down payment for a debt, reduce the interest rate on credit.

Suggested Citation

  • Piotr Bialowolski & Andrzej Cwynar & Dorota Weziak-Bialowolska, 2022. "Co-holding behaviour: unlocking the puzzle," Applied Economics Letters, Taylor & Francis Journals, vol. 29(4), pages 333-337, February.
    • Handle: RePEc:taf:apeclt:v:29:y:2022:i:4:p:333-337
    DOI: 10.1080/13504851.2020.1866742
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    Cited by:

    1. Piotr Bialowolski & Jing Jian Xiao & Dorota Weziak-Bialowolska, 2024. "Do All Savings Matter Equally? Saving Types and Emotional Well-Being Among Older Adults: Evidence from Panel Data," Journal of Family and Economic Issues, Springer, vol. 45(1), pages 88-105, March.

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