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 |