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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.92,P.48-65

语言

英文

关键字

Discrimination;Field experiment;Mortgage lending;Race;J15;C93

作者单位

Department of Economics, Marquette University, P.O. Box 1881, Milwaukee, WI 53201, United States\n;Department of Economics, Texas Christian University, 2855 Main Drive, Fort Worth, TX 76129, United States\n;Department of Economics, Georgia State University, P.O. Box 3992, Atlanta, GA30302, United States\n;Department of Economics, Marquette University, P.O. Box 1881, Milwaukee, WI 53201, United States\n;Department of Economics, Texas Christian University, 2855 Main Drive, Fort Worth, TX 76129, United States\n;Department of Economics, Georgia State University, P.O. Box 3992, Atlanta, GA30302, United States\n

摘要

We design and implement an experimental test for differential response by mortgage loan originators (MLOs) to requests for information about loans. Our e-mail correspondence experiment is designed to analyze differential treatment by client race and credit score. Our results show net discrimination by 1.8% of MLOs through non-response. We also find that MLOs offer more details about loans and are more likely to send follow up correspondence to whites. The effect of being African American on MLO response is equivalent to the effect of having a credit score that is 71 points lower.