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Gender and credit risk: a view from the loan officer's desk

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dc.contributor.author Garcia Montalvo, José
dc.contributor.author Reynal-Querol, Marta
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2020-05-25T09:27:10Z
dc.date.available 2020-05-25T09:27:10Z
dc.date.issued 2019-03-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1644
dc.identifier.uri http://hdl.handle.net/10230/44796
dc.description.abstract In this paper we analyze the effect of loan offcers' gender on the approval of loans and, in particular, on their subsequent performance. Using detailed bank information on a sample of close to half a million loans, we show that female loan offiers have, conditional on the risk score, around a 15% lower delinquency rate than that of male ocers. In addition to the original scoring of the loans, we also have the recommendation of the expert system. We nd that the risk profile of applicants screened by male and female loan ocers is very similar, but conditional on risk score, women follow the recommendations more often than men. Moreover, we nd evidence of gender bias in terms of a mistake-punishment trade-off, which could explain, at least in part, women's higher compliance with the recommendations. Indeed, there is a double standard in terms of the consequences for breaking the rules: errors, in the form of delinquent loans as a result of not following the recommendation of the system, are forgiven more often for male than for female loan offcers.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1644
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Gender and credit risk: a view from the loan officer's desk
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2020-05-25T09:25:53Z
dc.subject.keyword credit risk
dc.subject.keyword gender
dc.subject.keyword delinquency
dc.subject.keyword rule compliance
dc.subject.keyword Statistics, Econometrics and Quantitative Methods
dc.rights.accessRights info:eu-repo/semantics/openAccess


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