Ramirez, Stefanie R.; Harger, Kaitlyn - In: Journal of applied economics 23 (2020) 1, pp. 539-559
Using branch-level licensing data for 13 states, we examine cross-border effects of state-level payday-lending policies … higher in border counties adjacent to states that restrict payday lending through prohibitive fee limits due to decreased … competition and higher excess profits from cross-border markets. Predicted results for effects of enabling or non-existent payday …