Access to consumer credit in the UK
journal contributionposted on 17.06.2016, 10:16 by Solomon Y. Deku, Alper Kara, Philip Molyneux
This paper investigates household access to consumer credit in the UK using information on 58,642 households between 2001 and 2009. Employing a treatment-effects model and propensity score matching, we find that non-white households are less likely to have financing compared to white households. We also find that even if they obtain financing, the intensity of borrowing is lower than for white households. Overall, non-white households seem to be in a weaker position to access consumer credit in the UK.
- Business and Economics