Please use this identifier to cite or link to this item: https://repositorio.insper.edu.br/handle/11224/4534
Type: Artigo Científico
Title: The brazilian payroll lending experiment
Author: Christiano A. C
Mello, João Manoel Pinho de
Funchal, Bruno
Publication Date: 2012
Abstract: In December 2003, the Brazilian Congress passed a law that led to a natural personal lending experiment. The law allows banks to offer loans with repayment through automatic payroll deduction, which, in effect, turns future income into collateral. We estimate the impact of the new law using auto loans as a control group. The law has caused a reduction in interest rates and an increase in the volume of personal credit.
Keywords (english terms): Não informado
Language: Português
CNPq Area: Ciências Sociais Aplicadas
URI: https://www.jstor.org/stable/23355331
Copyright: O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.
Appears in Collections:Coleção de Artigos Científicos

Files in This Item:
File Description SizeFormat 
R_Artigo_2012_The Brazilian Payroll Lending Experiment_TC.pdfR_Artigo_2012_The Brazilian Payroll Lending Experiment_TC2.05 MBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.