We examine the role of borrowers' job titles in the online peer-to-peer (P2P) lending market. Using the U.S. Occupational Information Network database, we define skilled borrowers as the borrowers with their job titles in Job Zone 5, a group of occupations requiring individuals with the most extensive skill, knowledge, education and related experience. Analyzing data from Lending Club, one of the largest P2P platforms in the US, we find evidence that skilled borrowers are perceived as trustworthy and receive lower loan interest rate and default less frequently than do their non-skilled peers. Consistent with the signaling framework, our empirical results suggest that borrowers with certain job titles send effective signals and trustworthy job titles affect lending decisions and performance. This study sheds new light on the importance of borrowers' job titles in P2P lending.

中文翻译：

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职称在在线 P2P 借贷中的作用：对熟练借款人的实证调查

我们研究了借款人的职称在在线点对点（P2P）借贷市场中的作用。利用美国职业信息网络数据库，我们将技术借款人定义为职位属于“工作区 5”的借款人，这是一组需要个人拥有最广泛技能、知识、教育和相关经验的职业。通过分析美国最大的 P2P 平台之一 Lending Club 的数据，我们发现有证据表明，与非熟练借款人相比，熟练借款人被认为是值得信赖的，并且获得较低的贷款利率和违约频率。与信号框架一致，我们的实证结果表明，具有特定职称的借款人会发出有效的信号，而值得信赖的职称会影响贷款决策和绩效。这项研究为 P2P 借贷中借款人职位的重要性提供了新的视角。