Credit Card Redlining Revisited
نویسندگان
چکیده
منابع مشابه
Credit Card Redlining
This paper evaluates the presence of racial disparities in the issuance of consumer credit. Using a unique and proprietary database of credit histories from a major credit bureau, this paper links locationbased information on race with individual credit les. After controlling for the in uence of such other place-speci c factors as crime, housing vacancy rates, and general population demographic...
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We build a model of credit card pricing that explicitly takes into account credit functionality. We show that a monopoly card network always selects an interchange fee that exceeds the level that maximizes consumer surplus. If regulators only care about consumer surplus, a conservative regulatory approach is to cap interchange fees based on retailers’ net avoided costs from not having to provid...
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Two thirds of US households hold bank type credit cards, and most of them revolve high-interest card debt. Standard models cannot account for the observed co-existence of such debt with (i) substantial asset accumulation by retirement age, and (ii) substantial holdings of low-rate liquid assets. Hyperbolic discounting can resolve the former but not the second puzzle (Laibson, et al., 2000). Ber...
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In order to protect email users from receiving unsolicited commercial email or spam, anti-spam measures building on technologies, such as filters and block lists, have been deployed widely. However, there is some evidence that certain antispam measures based on the purported origin of the spam cause unintended consequences related to issues of equity of access, which we term digital redlining. ...
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ijur_873 291..313 Despite decades of government reform, the American housing credit system continues to mirror long-standing patterns of racial segregation and inequality. Consistent with this trend, the current housing crisis reveals an unusually high concentration of subprime mortgage activity and property foreclosures in non-white residential settlements across the nation. Given the generall...
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ژورنال
عنوان ژورنال: Review of Economics and Statistics
سال: 2011
ISSN: 0034-6535,1530-9142
DOI: 10.1162/rest_a_00173