IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

An Experimental Analysis of the Brazilian Personal Credit Market

  • Cláudio Ribeiro de Lucinda
  • Rodrigo Luiz Vieira

Este artigo tem por objetivo investigar algumas questões importantes sobre a demanda por crédito pessoal em um grupo que não é muito estudado na literatura acadêmica: a classe média em um grande mercado emergente, o Brasil. Para isto, foi usada uma base de dados de um experimento feito por um grande emissor de cartões de crédito, em que ofertas com diferentes taxas de juros foram enviadas aleatoriamente para clientes em dois grupos diferentes – um deles de renda mediana de USD 20 mil, e outro de USD 8 mil. Foi investigada a sensibilidade a juros da demanda por crédito, tanto na margem extensiva e intensiva, assim como a existência de problemas de seleção adversa e risco moral. Em termos dos resultados, a demanda é mais sensível a taxa de juros para o grupo de renda mais alta, os dois grupos apresentam evidências de seleção adversa em observáveis e os problemas de risco moral podem ser mais importantes para o grupo de renda mais baixa.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: First version, 2011
Download Restriction: no

Paper provided by Universidade de São Paulo, Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto in its series Working Papers with number 10-2011.

in new window

Date of creation: 2011
Date of revision:
Handle: RePEc:fea:wpaper:10-2011
Contact details of provider: Postal:
Avenida dos Bandeirantes, 3900 Ribeirão Preto - SP

Phone: (016) 633-5617
Fax: (016) 633-6133
Web page:

More information through EDIRC

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.:

as in new window
  1. Sule Alan & Ruxandra Dumitrescu & Gyongyi Loranth, 2011. "Subprime Consumer Credit Demand: Evidence from a Lender?sPricing Experiment," BCL working papers 60, Central Bank of Luxembourg.
  2. Karlan, Dean & Gine, Xavier, 2009. "Group versus Individual Liability: Long Term Evidence from Philippine Microcredit Lending Groups," Working Papers 61, Yale University, Department of Economics.
  3. Karlan, Dean S. & Zinman, Jonathan, 2007. "Credit Elasticities in Less-Developed Economies: Implications for Microfinance," CEPR Discussion Papers 6071, C.E.P.R. Discussion Papers.
  4. Dehejia, Rajeev & Montgomery, Heather & Morduch, Jonathan, 2012. "Do interest rates matter? Credit demand in the Dhaka slums," Journal of Development Economics, Elsevier, vol. 97(2), pages 437-449.
  5. Rob Alessie & Stefan Hochguertel & Guglielmo Weber, 2005. "Consumer Credit: Evidence From Italian Micro Data," Journal of the European Economic Association, MIT Press, vol. 3(1), pages 144-178, 03.
  6. Dean S. Karlan & Jonathan Zinman, 2005. "Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment," Working Papers 911, Economic Growth Center, Yale University.
  7. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
  8. David B. Gross & Nicholas S. Souleles, 2002. "Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data," The Quarterly Journal of Economics, Oxford University Press, vol. 117(1), pages 149-185.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:fea:wpaper:10-2011. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruno Vizona Liberato)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.