DO WOMEN PAY MORE FOR CREDIT? EVIDENCE FROM ITALY

• 成果类型: Article
• 署名作者: Alesina, Alberto F.; Lotti, Francesca; Mistrulli, Paolo Emilio
• 署名单位: Harvard University; Bocconi University; European Central Bank; Bank of Italy
• 刊物名称: JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
• ISSN/ISSBN: 1542-4766
• DOI: 10.1111/j.1542-4774.2012.01100.x
• 发表日期: 2013
• 页码: 45-66
• 关键词: gender-differences; propensity score; field experiment; DISCRIMINATION; MARKET; COMPETITION; finance; causal; form

摘要

By using a unique and large data set on loan contracts between banks and microfirms, we find robust evidence that women in Italy pay more for credit than men, although we do not find any evidence that women borrowers are riskier than men. The male/female differential remains even after controlling for a large number of characteristics of the type of business, the borrower, and the structure of the credit market. The result is not driven by lack of credit history, nor by women using a different type of bank than men, since the same bank charges different rates to male and female borrowers.