Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to estimating the Elasticity of Intertemporal Substitution (EIS). In the UK, the mortgage interest rate features discrete jumps - notches - at thresholds for the loan-to-value (LTV) ratio. These...

The UK student loans system is in crisis and the government plans to sell off student loans to corporate purchasers. Such loan sales disadvantage government, the taxpayer and student borrowers. The government should give student borrowers the "right to buy" their own loans for the same price the...