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Credit Card Interest Rates: Does Race And Gender Matter?, Brian Hecht
Credit Card Interest Rates: Does Race And Gender Matter?, Brian Hecht
Honors Capstone Projects - All
This paper examines the consumer credit card market in theUnited Statesto determine what factors, race and gender specifically, influence interest rates available to consumers. Data from the 2001 Survey of Consumer Finances is used to model the credit card market and answer the questions: All else being equal do women have higher credit card interest rates than men? Do blacks or Hispanics, all else being equal, have higher credit card interest rates than whites?
The paper provides background on the credit card market and its growing importance, reviews key literature on the role that discrimination can play in different lending …