Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/284039 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
Staff Report No. 1079
Verlag: 
Federal Reserve Bank of New York, New York, NY
Zusammenfassung: 
We find that banks differ in their propensity to lend to minorities based on their stakeholders' aversion to inequality. Using mortgage application data collected under the Home Mortgage Disclosure Act, we document a large and persistent cross-sectional variation in banks' propensity to lend to minorities. Inequality-averse banks have a higher propensity to lend to borrowers in high-minority areas and, within census tracts, to non-white borrowers compared to other banks. This higher propensity (i) is not explained by selection of applicants, (ii) allows these banks to retain and attract their inequality-averse stakeholders, and (iii) does not predict worse ex-post loan performance.
Schlagwörter: 
inequality aversion
mortgage lending
minority borrowers
racial discrimination
JEL: 
G21
J15
E51
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.71 MB





Publikationen in EconStor sind urheberrechtlich geschützt.