In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This … earnings. Lastly, I introduce a shock to the credit market into the model in the form of loosening the borrowing constraints of …

Using the 2010 and 2013 Survey of Consumer Finances (N=12,497), this study investigates the relationship between credit … constraint and credit use of U.S. households after the Great Recession. Credit use is identified for two major categories of … household debt, (1) installment loan debt and (2) credit card debt. Results of a Heckman selection model indicate that …

Although research on credit card debt in developed countries has identified predictors of debt among college students … theory of planned behavior as a predictor of credit card debt and student loans among college students, as well as perceived … better financial well-being, and was more likely to believe that credit cards are negative. Similar predictors of financial …

-level data for household debt from the FRBNY Consumer Credit Panel over the period 1999Q1 to 2012Q4 and employs the Pooled Mean …

towards local elites. Unlike targeting cash transfers to the poor, the optimal targeting of credit is a more complex problem … program, the Thai Million Baht Credit Fund, which decentralizes the allocation of loans to an elected group of community …-experimental variation in the rollout of the program and uncover evidence that, in general equilibrium, informal credit markets compensate …

I design a large-scale field experiment that constructs a randomized credit limit extension isolating selection … by the third year. The effects extend to those far from the limit, those who had the new limits as available credit, and …