Table 11 Effect of different policies on the loan amount aggregate relative to the baseline (in %) and the portfolio arrears risk (in %) across debtor types
From: Adverse selection, loan access and default behavior in the Chilean consumer debt market
Counterfactuals | Bank | Bank+Retail | Retail Store | Union Debt | Other Debts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Â | Debt aggregate | Arrears (months) | Debt aggregate | Arrears (months) | Debt aggregate | Arrears (months) | Debt aggregate | Arrears (months) | Debt aggregate | Arrears (months) | |||||
| Â | Â | 1 | 3 | Â | 1 | 3 | Â | 1 | 3 | Â | 1 | 3 | Â | 1 | 3 |
Baseline | 100 | 6.6 | 1.5 | 100 | 14.0 | 3.9 | 100 | 14.2 | 3.8 | 100 | 12.2 | 3.2 | 100 | 8.6 | 2.1 |
Pension law of 2022 | 100.6 | 6.6 | 1.5 | 100.5 | 14.0 | 3.9 | 100.7 | 14.1 | 3.8 | 102.1 | 12.1 | 3.2 | 100.6 | 8.6 | 2.1 |
Income test | 99.7 | 6.5 | 1.5 | 99.0 | 13.8 | 3.8 | 95.3 | 13.9 | 3.7 | 99.5 | 12.1 | 3.2 | 100.0 | 8.5 | 2.1 |
Financial literacy | 91.4 | 5.7 | 1.3 | 88.3 | 11.6 | 3.2 | 70.0 | 11.4 | 3.0 | 86.0 | 10.1 | 2.6 | 90.0 | 7.0 | 1.7 |