Showing 1 - 10 of 170
Models of shrouding predict that firms lack incentives to compete on add-on prices. Working with a large Turkish bank to test SMS direct marketing promotions to 108,000 existing checking account holders, we find that messages promoting a large discount on the overdraft interest rate reduce...
Persistent link: https://www.econbiz.de/10011168904
We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval....
Persistent link: https://www.econbiz.de/10011083275
Using a unique panel data set from a UK credit card company, we analyze the interest rate sensitivity of subprime credit card borrowers. In addition to all individual transactions and loan terms, we also have access to details of a randomized interest rate experiment conducted by the lender on...
Persistent link: https://www.econbiz.de/10011083560
We show that after the revelation of corporate fraud in a state, the equity holdings of households in that state decrease significantly both in the extensive and the intensive margins. Using an exogenous shock to fraud detection and exogenous variation in households’ lifetime experiences of...
Persistent link: https://www.econbiz.de/10011084666
The question of whether two drugs – namely alcohol and tobacco – are used as complements or substitutes is of crucial interest if side-effects of anti-smoking policies are considered. Numerous papers have empirically addressed this issue by estimating demand systems for alcohol and tobacco...
Persistent link: https://www.econbiz.de/10005656259
This paper investigates whether cannabis use affects physical and mental health. To do so, information on prime aged individuals living in Amsterdam in 1994 is used. Dutch data offer a clear advantage in estimating the health impacts of cannabis use because the legal status of cannabis in the...
Persistent link: https://www.econbiz.de/10009209833
This paper investigates whether cannabis use leads to worse mental health. To do so, we account for common unobserved factors affecting mental health and cannabis consumption by modeling mental health jointly with the dynamics of cannabis use. Our main finding is that using cannabis increases...
Persistent link: https://www.econbiz.de/10004973972
We study the relationship between urban sprawl and obesity. Using data that tracks individuals over time, we find no … evidence that urban sprawl causes obesity. We show that previous findings of a positive relationship most likely reflect a … neighbourhoods. Our results indicate that current interest in changing the built environment to counter the rise in obesity is …
Persistent link: https://www.econbiz.de/10005498166
correlated with obesity. Our main result is that, even after controlling for income levels and other factors, we find that high … 'price-sensitivity' for food products is associated with high obesity rates. We find that a woman who stated that prices were … that price was 'very important.' This suggests that the price effect is not trivial and obesity is a problem that is not …
Persistent link: https://www.econbiz.de/10008528537
We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial markets and whether the effects spill over to spouses and children. There is substantial evidence that more educated people are more likely to invest in the stock market....
Persistent link: https://www.econbiz.de/10011249373