Showing 1 - 10 of 672
There is little evidence on how the large market for credit score improvement products affects consumers or credit … market efficiency. A randomized encouragement design on a standard credit builder loan (CBL) identifies null average effects … on whether consumers have a credit score and the score itself, with important heterogeneity: those with loans outstanding …
Persistent link: https://www.econbiz.de/10012480056
Standard economic theory says that unsecured, high-interest, short-term debt -- such as borrowing via credit cards and … transitory income shock of unemployment. Instead, individuals smooth their credit card debt and overdrafts by adjusting … consumption. We first use detailed longitudinal information on debit and credit card transactions, account balances, and credit …
Persistent link: https://www.econbiz.de/10012480298
This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential … literature on financial networks, we focus on how anticipation of future defaults may result in ex ante "credit freezes," whereby … banks refuse to extend credit to one another. We first characterize the terms of the interbank contracts and the patterns of …
Persistent link: https://www.econbiz.de/10012481732
-constrained investors to take excessive risks. Ignored are unconstrained investors speculating on higher prices during credit booms. To … encouraged a bank/brokerage-credit-fueled stock-market bubble. The direct effect is a 25 cent increase in a stock's market …
Persistent link: https://www.econbiz.de/10012453131
A growing literature shows that credit indicators forecast aggregate real outcomes. While researchers have proposed … simple, frictionless, model explains empirical findings commonly attributed to credit cycles. Our key assumption is that … firms have heterogeneous exposures to underlying economy-wide shocks. This leads to endogenous dispersion in credit quality …
Persistent link: https://www.econbiz.de/10012454978
African- American motorist in the United States are much more likely than white motorists to have their car searched by police checking for illegal drugs and other contraband. The courts are faced with the task of deciding on the basis of traffic-search data whether police behavior reflects a...
Persistent link: https://www.econbiz.de/10012471334
Critics have said that affirmative action is at best ineffective and at worst counterproductive. In particular, it has been argued that if affirmative action helps anybody, it helps only the highly educated cream of the minority population, and may perversely work to the detriment of the...
Persistent link: https://www.econbiz.de/10012477767
accurate the measures of prices used to deflate nominal output so as to win (or at least not lose) the race for economic …
Persistent link: https://www.econbiz.de/10012479512
During the late 1930s, the Home Owners Loan Corporation (HOLC) created a series of maps designed to summarize spatial variation in the riskiness of mortgage lending in different neighborhoods. The HOLC maps, in conjunction with contemporaneous maps produced by the Federal Housing Agency (FHA),...
Persistent link: https://www.econbiz.de/10012482365
A broad body of interdisciplinary research establishes that transgender and non-binary individuals face discrimination across many contexts, including healthcare. Simultaneously, transgender individuals face various mental health disparities, including higher rates of depression and anxiety,...
Persistent link: https://www.econbiz.de/10012482383