@misc{29702,
title = {Research Insights: Do Bank Officers Favor Male over Female Loan Applicants?},
author = {Montoya, Ana María and Parrado, Eric and Solís, Alex and Undurraga, Raimundo},
year = {2020},
doi = {10.18235/0003022},
abstract = {A randomized study in Chile found that otherwise equivalent loan requests from women are 18.3 percent less likely to be approved than those from men, largely due to gender-biased officers, particularly males. Median forgone profits associated with applications rejected due to gender discrimination amount to US$1,785 or 23 percent of the median loan size. Considering only discriminated applications from applicants aged 25 to 35 years for amounts between US$1,500 and US$13,500, the forgone profits at the industry level amount to US$5.8 million per year, which is equivalent to 4 percent of the annual labor cost for all loan officers in the Chilean banking system.},
url = {https://doi.org/10.18235/0003022}
}