Research Seminar: Credit and Income Inequality

Join Professor Manthos Delis of Montpellier Business School as he discusses the effect of credit constraints on income and it's impact on finance-inequality.

  • Wed 25 Apr 18

    14:00 - 16:00

  • Colchester Campus


  • Event speaker

    Prof Manthos DELIS (Montpellier Business School)

  • Event type

    Lectures, talks and seminars

  • Event organiser

    Essex Business School

  • Contact details

    01206 87 2364

We study the effect of credit constraints on individuals’ income, using a unique data set of business loan applications to a single bank from individuals that are majority owners of small and medium-sized firms.

Event Abstract

The credit score assigned by the bank creates a sharp discontinuity in the decision to originate the loan or not.

We show that a loan origination increases the recipients’ income five years onward by approximately 11% compared to denied applicants.

Our results are robust to the use of individuals’ wealth as the outcome variable and several other re-specifications, and have important implications for the finance-inequality nexus.


This is an open event, there is no need to book. Please feel free to join us with your colleagues, classmates and friends.

Speaker Bio

Manthos Delis is a Professor of Financial Economics and Banking at Montpellier Business School.

He has a PhD in 2007 from AUEB, Greece, an MSc from York University, Canada, and a BA (honors) from Western University, Canada.

He previously was at the University of Surrey (Professor, 2012-2017), Cass (SL, 2011-2012), and University of Ioannina (L, 2008-2011).

His research interests cover banking, corporate finance and governance, operations research, and economics of inequality.

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