TY  - GEN
AU  - Santos, Cezar
TI  - Consumer Loans, Heterogeneous Interest Rates, and Inequality
PY  - 2023
Y1  - 2023/03/29
DO  - 10.18235/0004812
AB  - Using the Brazilian administrative credit registry data with the universe of all consumer loans originated by banks in the country from 2013 to 2019, we document high borrowing interest rates, which vary systematically with individuals characteristics. In particular, even after controlling for several observable individual attributes (such as income, occupation, and default probabilities, low-income), individuals pay higher interest rates than high-income borrowers.
UR  - https://doi.org/10.18235/0004812
ER  -