Geng Li
Gender-Related Differences in Credit Use and Credit Scores
Federal Reserve Board, 2018
What's inside?
Do men have better experiences than women in terms of credit? What influences the differences?
Recommendation
It’s no secret that equally qualified men and women have different experiences in the labor market. But the Federal Reserve’s consumer finance chief Geng Li looks into how credit market outcomes vary for a sampling of single American men and women, after adjusting such factors as income and education. He works around the data limitations of the US Equal Opportunity Credit Act, which restricts lenders from basing credit decisions on gender, so he merely scratches the surface of the topic. Still, getAbstract suggests this succinct report to policy experts and financial services professionals for the useful nuggets of information it offers on credit divergences between the sexes.
Summary
About the Author
Geng Li is chief of the consumer finance section at the Board of Governors of the Federal Reserve System.
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