{"version":"1.0","provider_name":"World Federation of Development Financing Institutions","provider_url":"https:\/\/wfdfi.org\/es","author_name":"Kevin Fiestas","author_url":"https:\/\/wfdfi.org\/es\/author\/conocimiento\/","title":"Consumer Loans, Heterogeneous Interest Rates, and Inequality - World Federation of Development Financing Institutions","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"O3juNZQS76\"><a href=\"https:\/\/wfdfi.org\/es\/consumer-loans-heterogeneous-interest-rates-and-inequality\/\">Los Pr\u00e9stamos de consumo, la heterogeneidad de las Tasas de Inter\u00e9s, y la Desigualdad<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/wfdfi.org\/es\/consumer-loans-heterogeneous-interest-rates-and-inequality\/embed\/#?secret=O3juNZQS76\" width=\"600\" height=\"338\" title=\"\u00abConsumer Loans, Heterogeneous Interest Rates, and Inequality\u00bb \u2014 World Federation of Development Financing Institutions\" data-secret=\"O3juNZQS76\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/wfdfi.org\/wp-includes\/js\/wp-embed.min.js\n<\/script>","thumbnail_url":"https:\/\/wfdfi.org\/wp-content\/uploads\/2023\/04\/IADB-Consumer-loans.png","thumbnail_width":464,"thumbnail_height":579,"description":"Using the Brazilian administrative credit registry data with the universe of all consumer loans originated by banks in the country from 2013 to 2019, we document high borrowing interest rates, which vary systematically with individual\u2019s characteristics. In particular, even after controlling for several observable individual attributes (such as income, occupation, and default probabilities, low-income), individuals pay higher interest rates than high-income borrowers."}