Table 8 Probabilities (in %) for each type of debt choice under different counterfactual policies
From: Adverse selection, loan access and default behavior in the Chilean consumer debt market
Counterfactual | Bank | Bank + Retail | Retail Store | Union Debt | Other Debts | No Wish | No Access |
|---|---|---|---|---|---|---|---|
Baseline | 9.6 | 13.2 | 26.0 | 5.9 | 5.9 | 28.0 | 11.3 |
Pension law of 2022 | 9.8 | 13.5 | 25.6 | 5.8 | 6.0 | 28.5 | 10.8 |
Income test | 10.1 | 14.4 | 24.3 | 6.3 | 5.0 | 27.2 | 12.8 |
Financial literacy | 16.9 | 12.6 | 14.7 | 4.4 | 2.9 | 41.9 | 6.5 |