Table 2 shows that blacks are more likely than whites to report that they have been
turned down for a loan or credit card. The data set considers a number of different time
periods for which the respondent is asked whether she has been denied credit. We
constructed one dichotomous variable that depicts whether the respondent had been
turned down within the past 2 years. This time period coincides with what is typically
recorded on a credit record and thus can be considered to reflect current and/or recent loan
denials. Nearly 60 % of blacks reported recently having been turned down for a loan or
credit card, one and one half times the rate at which whites reported recent loan denials.