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Discrimination in Consumer Credit Markets

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Author Info
Clifford B. Hawley (West Virginia University)
Edwin T. Fujii (University of Hawaii)
Abstract

Using household data from the 1983 Survey of Consumer Finances, the hypothesis that there is no discrimination against protected groups in the provision of credit is tested. Using household data avoids the inherent sample selectivity problem of other research based on analyses of applicant data. The authors find that, after controlling for other factors, nonwhites are more likely to be rejected for credit than whites. Also, nonwhites, single parent families, and female heads are more likely to be discouraged from applying for credit. Taken together these results suggest that race is still a factor in the allocation of consumer credit.

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File URL: http://college.holycross.edu/eej/Volume17/V17N1P21_30.pdf
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Publisher Info
Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 17 (1991)
Issue (Month): 1 (Jan-Mar)
Pages: 21-30
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eej:eeconj:v:17:y:1991:i:1:p:21-30

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Related research
Keywords: Consumer Credit; Credit; Discrimination; Finance;

Find related papers by JEL classification:
J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Richard L. Peterson, 1981. "An Investigation of Sex Discrimination in Commercial Banks' Direct Consumer Lending," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 547-561, Autumn. [Downloadable!] (restricted)
  2. Lindley, James T & Selby, Edward B, Jr & Jackson, John D, 1984. "Racial Discrimination in the Provision of Financial Services," American Economic Review, American Economic Association, vol. 74(4), pages 735-41, September. [Downloadable!] (restricted)
  3. Wiginton, John C., 1980. "A Note on the Comparison of Logit and Discriminant Models of Consumer Credit Behavior," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 15(03), pages 757-770, September. [Downloadable!]
  4. Dennis J. Aigner & Glen G. Cain, 1977. "Statistical theories of discrimination in labor markets," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 30(2), pages 175-187, January.
  5. Black, Harold & Schweitzer, Robert L & Mandell, Lewis, 1978. "Discrimination in Mortgage Lending," American Economic Review, American Economic Association, vol. 68(2), pages 186-91, May. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jeffrey M. Lacker, 1995. "Neighborhoods and banking," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 13-38. [Downloadable!]
  2. Lisa J. Servon, 1999. "From public assistance to self-sufficiency: the role for the microenterprise strategy," Proceedings, Federal Reserve Bank of Chicago, issue Mar, pages 527-546. [Downloadable!]
  3. William C. Hunter, 1999. "Microenterprise lending," Proceedings, Federal Reserve Bank of Chicago, issue Mar, pages 579-583. [Downloadable!]
  4. Denise L. Anthony, 1999. "The importance of trust in micro-credit borrowing groups," Proceedings, Federal Reserve Bank of Chicago, issue Mar, pages 547-578. [Downloadable!]
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