1) Relationship between individual characteristics and probability of default ( How and why persons individual characteristics such asage, gender, employment level, ethnicity, educational levelleads...

Running Head: FINANCE THESIS                            1
FINANCE THESIS                                        3
FINANCE THESIS
Table of Contents
1. Relationship between Individual Characteristics and Probability of Default    3
2. Relationship between Macro Characteristics and Probability of Default    5
References    7
1. Relationship between Individual Characteristics and Probability of Default
As mentioned by Bover et al. (2018), with the biggest concentration of mortgage lenders in Australia's largest state, Western Australia, it is also most populous. Using empirical evidence, the researchers discovered that income, loan-to-value ratio, household education manager, household age and marital status are the most important drivers of default risk.
The creation of risk management models for Australian houses is necessitated by the rapid changes that have occurred. The statement is supported by Ma, Zhao, Zhou and Liu (2018) stating that increasing the number of people, who own their homes, also minimises their credit risk is a new problem for policymakers at all levels.
The state housing agencies in Australia, which give loans to low-income families, are worried about risks. According to Karkowska and Acedanski (2020), the biological process of ageing is caused by the accumulation of numerous types of characteristics and damage over a span of time. There will be an overall reduction in physical and mental function, as well as an increase in the likelihood of sickness and, eventually, death.
Based on the opinion of Aas, Jullum and Loland (2019), it can be analysed that in times of natural catastrophe, relocation choices may be undertaken. Another option is to use several levels of institutions and organisations, as well a mix of inducement and compulsion.
In all cases, however, they are the result of a complex interplay of socio-economic-political limitations, incentives and societal norms. When considering the link between an individual's qualities and the chance of failure, factors such as gender and age (as well as race, ethnicity, sexual orientation, class, handicap and so on) play a crucial impact.
The statement is supported by Di Maggio and Yao (2021) those are the consequences of their characteristics, which are often based on internal finance, low workmanship, being located in rural regions and being governed by means of women who are self-employed and do not get a pay from their employer.
With the primary goal of providing demand and market to the poverty segment of the un-served or underprivileged markets, which include trying to lower poverty, promoting equality and other disadvantaged populations groups, creating employment, providing support existing businesses in growing and inspiring the development of new entrepreneurs, the organisation was founded.
Ethnic identification is a vital basis for self-identification since it instils a sense of belonging with a specific group's traditional influences, connections and traditions, as well as the sensation of belonging with one's own...