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Table 5 Demographic characteristics of the households according to their debt type: average values per borrower

From: Adverse selection, loan access and default behavior in the Chilean consumer debt market

Type of debtor

Permanent Income in UF (log)

Unem-ployment risk (%)

Labor income volatility (%)

Education (in years)

Age (years)

Number of household members

Household size (OECD scale)

Bank

4.2

4.1

30.9

14.1

46.5

3.3

2.0

Bank + Retail

4.1

4.4

28.8

13.5

46.0

3.6

2.2

Retail Store

3.6

5.3

31.0

11.7

48.2

3.4

2.1

Union Debt

3.7

4.8

27.6

12.1

52.7

3.4

2.0

Other Debts

4.1

4.8

38.6

14.3

42.3

3.5

2.1

No Wish for Debt

3.8

4.5

33.3

12.5

52.6

2.9

1.8

No Access to Debt

3.5

5.4

41.9

11.0

53.0

3.0

1.9

All debtors

3.9

4.8

30.9

12.8

47.3

3.5

2.1

  1. The OECD equivalence scale for household size corresponds to a value of 1 for the household head plus 0.5 for each additional adult and 0.3 for each child, in order to account for economies of scale in the sharing of home goods (OECD 2008)