CREDIT CARD REDLINING
This paper evaluates the presence of racial disparities in the issuance of consumer credit. Using a database of credit histories, I link location-based information on race with individual credit files. After controlling for place-specific factors such as housing vacancy rates and general population...
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| Veröffentlicht in: | The review of economics and statistics 2011-05, Vol.93 (2), p.700-713 |
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| container_title | The review of economics and statistics |
| container_volume | 93 |
| creator | Cohen-Cole, Ethan |
| description | This paper evaluates the presence of racial disparities in the issuance of consumer credit. Using a database of credit histories, I link location-based information on race with individual credit files. After controlling for place-specific factors such as housing vacancy rates and general population demographics, I find qualitatively large differences in the amount of credit offered to similarly qualified applicants living in black versus white areas. High data quality allows distinguishing between issuer-provision (supply) and utilization of credit (demand). Additional estimates using information on payday lending provide support for idea that issuers condition lending on location. |
| doi_str_mv | 10.1162/REST_a_00052 |
| format | Article |
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Using a database of credit histories, I link location-based information on race with individual credit files. After controlling for place-specific factors such as housing vacancy rates and general population demographics, I find qualitatively large differences in the amount of credit offered to similarly qualified applicants living in black versus white areas. High data quality allows distinguishing between issuer-provision (supply) and utilization of credit (demand). 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Additional estimates using information on payday lending provide support for idea that issuers condition lending on location.</description><subject>African Americans</subject><subject>Bank accounts</subject><subject>Charge accounts</subject><subject>Consumer credit</subject><subject>Credit cards</subject><subject>Credit scores</subject><subject>Credit systems</subject><subject>Data analysis</subject><subject>Employment statistics</subject><subject>Estimation</subject><subject>Inequality</subject><subject>Lenders</subject><subject>Lines of credit</subject><subject>Mortgage loans</subject><subject>Paydays</subject><subject>Personal finance</subject><subject>Racial differentiation</subject><subject>Racial discrimination</subject><subject>Racial inequality</subject><subject>Studies</subject><subject>Supply and demand</subject><subject>U.S.A</subject><subject>White people</subject><issn>0034-6535</issn><issn>1530-9142</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2011</creationdate><recordtype>article</recordtype><recordid>eNp10c9LwzAUB_AgCs7pTY-CeNGD1ffys705ujkLY8Kc51DTBDq2dSaboH-90YoM0VMC-eTLl_cIOUa4RpT0ZjJ4nOpSA4CgO6SDgkGSIae7pAPAeCIFE_vkIIRZJKiQdchJPhn0i-lZ3pv0z-J1VIyL8fCQ7LlyHuzR99klT3eDaX6fjB6GRd4bJUYgXSdGUeYUWmOYMiUowcFCVTkGzyJDkxohnePCIjPIhDOOS4VCccHLylTSsS65aHNXvnnZ2LDWizoYO5-XS9tsgk6VSjkHpFGe_5KzZuOXsZxOpeQUMi4jumqR8U0I3jq98vWi9G8aQX9OSG9PKPLLli_qrbh_6O0f1McerxmrqWbAKaKmQDH-1pDp93r19b4VcdpGzMK68T_NKAMUWdzMB1wtf7c</recordid><startdate>20110501</startdate><enddate>20110501</enddate><creator>Cohen-Cole, Ethan</creator><general>MIT Press</general><general>The MIT Press</general><general>MIT Press Journals, The</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20110501</creationdate><title>CREDIT CARD REDLINING</title><author>Cohen-Cole, Ethan</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c512t-c723f71ecc37ca07540e0ddf30b591c8c56ff45e13c135fcf467157454adcd6f3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2011</creationdate><topic>African Americans</topic><topic>Bank accounts</topic><topic>Charge accounts</topic><topic>Consumer credit</topic><topic>Credit cards</topic><topic>Credit scores</topic><topic>Credit systems</topic><topic>Data analysis</topic><topic>Employment statistics</topic><topic>Estimation</topic><topic>Inequality</topic><topic>Lenders</topic><topic>Lines of credit</topic><topic>Mortgage loans</topic><topic>Paydays</topic><topic>Personal finance</topic><topic>Racial differentiation</topic><topic>Racial discrimination</topic><topic>Racial inequality</topic><topic>Studies</topic><topic>Supply and demand</topic><topic>U.S.A</topic><topic>White people</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Cohen-Cole, Ethan</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>The review of economics and statistics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Cohen-Cole, Ethan</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>CREDIT CARD REDLINING</atitle><jtitle>The review of economics and statistics</jtitle><date>2011-05-01</date><risdate>2011</risdate><volume>93</volume><issue>2</issue><spage>700</spage><epage>713</epage><pages>700-713</pages><issn>0034-6535</issn><eissn>1530-9142</eissn><coden>RECSA9</coden><abstract>This paper evaluates the presence of racial disparities in the issuance of consumer credit. 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| ispartof | The review of economics and statistics, 2011-05, Vol.93 (2), p.700-713 |
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| language | eng |
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| source | Business Source Complete; JSTOR Mathematics & Statistics; JSTOR Archive Collection A-Z Listing; MIT Press Journals |
| subjects | African Americans Bank accounts Charge accounts Consumer credit Credit cards Credit scores Credit systems Data analysis Employment statistics Estimation Inequality Lenders Lines of credit Mortgage loans Paydays Personal finance Racial differentiation Racial discrimination Racial inequality Studies Supply and demand U.S.A White people |
| title | CREDIT CARD REDLINING |
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