Oxford Bulletin of Economics and Statistics (2022)
Matsuoka Hideaki
By Madeira Carlos
Economía Chilena (2014)
Using household survey data from the CASEN and EFH I find evidence that high indebtedness, unemployment risk and low income are associated with consumer loan delinquency. Yet the importance of these factors changes over time. During the recent years of economic expansion there was a reduction in unemployment and in debt relative to permanent income. However, there is a greater sensitivity to loan delinquency for the families facing these risks, even if there are fewer of them. This result is consistent with a greater adverse selection incurred after a strong credit expansion to riskier borrowers.
Madeira C. (2014) El Impacto del Endeudamiento y Riesgo de Desempleo en la Morosidad de las Familias Chilenas. Economía Chilena, 17, 88-102.