Table 9 Effect of different policies on the consumer debt amount (for all households and the average borrower) relative to the baseline (in %) and on the overall probability (in %) of being a consumer debtor
From: Adverse selection, loan access and default behavior in the Chilean consumer debt market
Counterfactual | Any Debt Probability | Consumer debt (aggregate) | Consumer debt (average borrower) |
|---|---|---|---|
Baseline | 60.6 | 100 | 100 |
Pension law of 2022 | 60.7 | 101.0 | 100.7 |
Income test | 60.0 | 99.1 | 99.9 |
Financial literacy | 51.6 | 87.6 | 103.5 |