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

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

Lo más reciente

Jhorland Ayala-García, Jaime Alfredo Bonet-Moron, Eduardo A. Haddad, Inácio F. Araújo
Hans-Erik Edsand, Andrés Aleán-Romero, Jhorland Ayala-García, Tania Jiménez Castilla, Sandra C. Valencia

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