Level of income and use of credit cards in Peru

Authors

DOI:

https://doi.org/10.15381/quipu.v28i58.19264

Keywords:

Acces, indebtedness, income, segments, credit card

Abstract

Objective: Determine if the income level explains the use of credit cards in Peru. Method: A Logit model was used to estimate the probability of use credit cards on those persons who have a card. Results: The Income has a positive effect and statistically significant on credit card use, however, in some areas, as the food spend, it doesn’t observe significant differences in the credit card use related to monthly work income. Conclusions: The population with lower income tends to use the credit card in equal proportion as the higher income segments for certain expenses.

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Author Biographies

  • Vladimir Rodriguez Cairo, Universidad Nacional Mayor de San Marcos. Lima, Peru

    Economist and lawyer. Magister in Economics, Magister in Constitutional Law and Doctor in Law and Political Science from the Universidad Nacional Mayor de San Marcos (UNMSM). Diplomas in Financial Law, Public Management for Development, and Teaching and Research from the Universidad del Pacífico and Specialty in teaching and scientific research. Extensive professional experience in finance, management and public policy, economic and financial regulation. Principal professor at UNMSM. Teaching experience in the Doctorate in Economics (economic and social research), Doctorate in Law (design of doctoral research, research project I and II) and Doctorate in Fiscal and Tax Policy (doctoral thesis seminar, thesis I, II, III, IV) of the UNMSM. Professor of the Doctorate in Administration (behavioral economics) and Doctorate in Law (legal research, thesis seminar I) at the Universidad San Ignacio de Loyola. Consultant of the General Directorate of Financial Markets and Private Pension of the Ministry of Economy and Finance. Strong communication skills.

  • Raphael Ángel Saldaña Pacheco, Ministerio de Economía y Finanzas

    Master in Public Management at the EUCIM Business School, graduated from the Master in Public Management from the San Martín de Porres University, Bachelor of Social Sciences with a major in Economics from the Pontificia Universidad Católica del Perú, with Master's studies in Statistics. I have worked in the General Directorate of Public Budget and in the General Directorate of Financial Markets and Private Pension of the Ministry of Economy and Finance. In addition, I have been the representative of the Minister of Economy and Finance before the Board of Directors of the Guarantee Fund for the Countryside and Agricultural Insurance, which allows access to financial insurance services for vulnerable populations in the agricultural sector, promoting their inclusion. Likewise, I have worked at Macroconsult and at the Institute of Peruvian Studies as a consultant and researcher on financial inclusion issues, participating in the design, monitoring and evaluation of interventions and public policies in this matter. Teaching experience at the postgraduate level at the Universidad Nacional Mayor de San Marcos.

  • Johanna Marissa Yancari Cueva, Instituto de Estudios Peruanos

    Bachelor of Economics from the Pontificia Universidad Católica del Perú, and with studies in Project Management from the San Ignacio de Loyola Institute. Active member of the Rural Development Advocacy Group of the MCLCP (Roundtable for the Fight against Poverty). Active member of SEPIA (Permanent Seminar on Agrarian Research), an association of which I have been vice president of the Board of Directors. Associate Researcher at the Institute of Peruvian Studies, and Director of Activities of the Board of Directors of the Institute of Peruvian Studies.

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Published

2020-12-28

Issue

Vol. 28 No. 58 (2020)

Section

Original papers

License

Copyright (c) 2020 Vladimir Rodríguez Cairo, Raphael Ángel Saldaña Pacheco, Johanna Yancari Cueva

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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

AUTHORS RETAIN THEIR RIGHTS:

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b. Authors retain their right to share, copy, distribute, perform and publicly communicate their article (eg, to place their article in an institutional repository or publish it in a book), with an acknowledgment of its initial publication in Quipukamayoc .

c. Authors retain theirs right to make a subsequent publication of their work, to use the article or any part thereof (eg a compilation of his papers, lecture notes, thesis, or a book), always indicating the source of publication (the originator of the work, journal, volume, number and date).

How to Cite

Rodriguez Cairo, V., Saldaña Pacheco, R. Ángel, & Yancari Cueva, J. M. (2020). Level of income and use of credit cards in Peru. Quipukamayoc, 28(58), 59-66. https://doi.org/10.15381/quipu.v28i58.19264