Access to Consumer Credit in the UK

Solomon Y. Deku, Alper Kara, Philip Molyneux

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

This paper investigates household access to consumer credit in the UK using information on 58,642 households between 2001 and 2009. Employing a treatment-effects model and propensity score matching, we find that non-white households are less likely to have financing compared to white households. We also find that even if they obtain financing, the intensity of borrowing is lower than for white households. Overall, non-white households seem to be in a weaker position to access consumer credit in the UK.
Original languageEnglish
Pages (from-to)941-964
Number of pages24
JournalEuropean Journal of Finance
Volume22
Issue number10
DOIs
Publication statusPublished - 2016
Externally publishedYes

Fingerprint

Household
Consumer credit
Financing
Borrowing
Propensity score matching
Treatment effects

Cite this

Deku, Solomon Y. ; Kara, Alper ; Molyneux, Philip. / Access to Consumer Credit in the UK. In: European Journal of Finance. 2016 ; Vol. 22, No. 10. pp. 941-964.
@article{d9dec4aae9314871aa46338529d3e808,
title = "Access to Consumer Credit in the UK",
abstract = "This paper investigates household access to consumer credit in the UK using information on 58,642 households between 2001 and 2009. Employing a treatment-effects model and propensity score matching, we find that non-white households are less likely to have financing compared to white households. We also find that even if they obtain financing, the intensity of borrowing is lower than for white households. Overall, non-white households seem to be in a weaker position to access consumer credit in the UK.",
keywords = "Consumer credit, Financial exclusion, Racial origin",
author = "Deku, {Solomon Y.} and Alper Kara and Philip Molyneux",
year = "2016",
doi = "10.1080/1351847X.2015.1019641",
language = "English",
volume = "22",
pages = "941--964",
journal = "European Journal of Finance",
issn = "1351-847X",
publisher = "Routledge",
number = "10",

}

Access to Consumer Credit in the UK. / Deku, Solomon Y.; Kara, Alper; Molyneux, Philip.

In: European Journal of Finance, Vol. 22, No. 10, 2016, p. 941-964.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Access to Consumer Credit in the UK

AU - Deku, Solomon Y.

AU - Kara, Alper

AU - Molyneux, Philip

PY - 2016

Y1 - 2016

N2 - This paper investigates household access to consumer credit in the UK using information on 58,642 households between 2001 and 2009. Employing a treatment-effects model and propensity score matching, we find that non-white households are less likely to have financing compared to white households. We also find that even if they obtain financing, the intensity of borrowing is lower than for white households. Overall, non-white households seem to be in a weaker position to access consumer credit in the UK.

AB - This paper investigates household access to consumer credit in the UK using information on 58,642 households between 2001 and 2009. Employing a treatment-effects model and propensity score matching, we find that non-white households are less likely to have financing compared to white households. We also find that even if they obtain financing, the intensity of borrowing is lower than for white households. Overall, non-white households seem to be in a weaker position to access consumer credit in the UK.

KW - Consumer credit

KW - Financial exclusion

KW - Racial origin

UR - http://www.tandfonline.com/toc/rejf20/current

U2 - 10.1080/1351847X.2015.1019641

DO - 10.1080/1351847X.2015.1019641

M3 - Article

VL - 22

SP - 941

EP - 964

JO - European Journal of Finance

JF - European Journal of Finance

SN - 1351-847X

IS - 10

ER -