CREDIT CARD REDLINING

• 成果类型: Article
• 署名作者: Cohen-Cole, Ethan
• 署名单位: University System of Maryland; University of Maryland College Park
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00052
• 发表日期: 2011-05
• 页码: 700-713
• 关键词: lenders discriminate; boston; rates

摘要

This paper evaluates the presence of racial disparities in the issuance of consumer credit. Using a database of credit histories, I link location-based information on race with individual credit files. After controlling for place-specific factors such as housing vacancy rates and general population demographics, I find qualitatively large differences in the amount of credit offered to similarly qualified applicants living in black versus white areas. High data quality allows distinguishing between issuer-provision (supply) and utilization of credit (demand). Additional estimates using information on payday lending provide support for idea that issuers condition lending on location.