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Same-sex marriage laws and lending to same-sex couples

Authors: Jens Hagendorff; Duc Duy Nguyen; Vathunyoo Sila;

Same-sex marriage laws and lending to same-sex couples

Abstract

We use the staggered adoption of same-sex marriage legalization across the U.S. to study its effects on access to credit for same-sex couples. Following the legalization of same-sex marriage, same-sex couples are more likely to be denied mortgage credit compared to opposite-sex couples. Our data do not support opinion backlash as an explanation for the increasing denial gap. Instead, our results suggest a role for information frictions between loan officers and same-sex borrowers as one channel for the disparate treatment of same-sex and opposite-sex applicants. Our findings suggest mortgage lending decisions may not be as automated as widely thought.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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Average
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