Determinants of consumer credit within a debt constrained framework : evidence from microdata

Número: 
912
Publicado: 
Clasificación JEL: 
D12, G21
Palabras clave: 
Consumer Credit, Life Cycle-Permanent Income Hypothesis, credit constraints, Score

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Determinants of consumer credit are estimated by using information from a Credit Union located in Medellín-Colombia. To the best of our knowledge, this is the first investigation using this kind of data in Colombia. We find that life cycle-permanent incom