Determinantes del acceso al crédito formal e informal: Evidencia de los hogares de ingresos medios y bajos en Colombia

Ana Iregui, Ligia Alba Melo-Becerra (), Maria Ramirez-Giraldo and Ana Tribin
Additional contact information
Ligia Alba Melo-Becerra: Banco de la República de Colombia, http://www.banrep.gov.co/es/ligia-melo
Authors registered in the RePEc Author Service: Ligia Melo ()

Borradores de Economia from Banco de la Republica de Colombia

Abstract: Este documento proporciona evidencia empírica sobre los determinantes de la probabilidad de que un hogar tenga crédito, con el sector formal o informal, tanto en zonas urbanas como rurales, para lo cual se utiliza información de la Encuesta Longitudinal Colombiana de la Universidad de los Andes. También, se analizan los posibles factores que afectan la probabilidad de que los hogares se encuentren atrasados en el pago de sus créditos. Los resultados indican que la probabilidad de que un hogar tenga crédito está relacionada positivamente con el hecho de que el jefe del hogar esté casado, con el nivel educativo, el nivel de ingreso, el tamaño del hogar, la propiedad de la vivienda y la participación laboral. En particular, las estimaciones indican que el ingreso y la educación tienen una correlación positiva con la probabilidad de tener crédito formal y negativa con la probabilidad de tener crédito informal. Finalmente, los choques que tienen un efecto directo sobre el ingreso de las familias y eventos inesperados aumentan la probabilidad de estar en mora. *** This paper studies the effects of an in utero program on birth outcomes addressed to vulnerable pregnant women. We use information from the Buen Comienzo program, an initiative run by the local government of Medellin, the second largest city of Colombia. In order to identify the effects we obtain matching estimates using data from program participants and the census of birth statistics. We find that the program increased the birth weight of participant children by 0.09 and 0.23 standard deviations for boys and girls, respectively, and reduced the prevalence of low birth weight by 2.6 and 4.6 ppts for boys and girls, respectively. In terms of size, the program reduces the incidence of being short by 3 and 4 ppts, for boys and girls, respectively. The program also significantly reduced preterm births between 3 and 8 ppts. We also provide evidence of the existence of heterogeneous effects depending on a mother’s exposure to the program and her frequency of attendance. Finally, an estimate of the cost-benefit ratio of the program suggests that its benefits could be 2 to 6 times its costs, respectively for boys and girls born from participant mothers with early exposure to the program.

Keywords: Deuda de los hogares; crédito formal; crédito informal; mora; Colombia. *** household debt; formal credit; informal credit; credit default; Colombia. (search for similar items in EconPapers)
JEL-codes: C25 D12 G21 R22 (search for similar items in EconPapers)
Pages: 76
Date: 2016-08
New Economics Papers: this item is included in nep-iue, nep-mfd and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
https://doi.org/10.32468/be.956 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:956

Access Statistics for this paper

More papers in Borradores de Economia from Banco de la Republica de Colombia Cra 7 # 14-78. Contact information at EDIRC.
Bibliographic data for series maintained by Clorith Angélica Bahos Olivera ().