RACIAL DISCRIMINATION IN HIRE/PURCHASE LENDING IN APARTHEID SOUTH AFRICA

Mark Schreiner (), Douglas H. Graham, Manuel Cortes-Fontcuberta, Gerhard K. Coetzee and Nick Vink ()

No 21026, 1997 Annual meeting, July 27-30, Toronto, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A partial-observability model finds evidence of racial discrimination by retailers of consumer durables in apartheid South Africa. In particular, black households are 13 percentage points more likely to demand a hire/purchase loan but not to have one supplied than are other households, all else equal.

Keywords: Consumer finance; disequilibrium models; racial discrimination; truncated and censored models; South Africa; Financial Economics (search for similar items in EconPapers)
Date: 1997
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