heterogenous response improves screening efficiency: 1) all employees place similar value on staying in their current role; 2) the … announcement reduced the screening efficiency gap — defined as the reduction of screening efficiency stemming from the partial …

bank and a crowdlending platform and show that the entry of crowdlending can induce a switching effect as well as a credit …

The amount of credit in the economy is a heterogeneous aggregate that can be analyzed across different dimensions …. Considering such dimensions provides insights into the effect of monetary policy interventions because the credit components are …

administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

a screening mechanism enabling donors to better assess the use that is made of the money they could contribute. We …