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 …

We estimate the causal effect of the Indian Ocean tsunami in Sri Lanka on household income and consumption eight years … increases in household income and consumption in the long-term emerged from our empirical investigation. Deviating from the … nuanced picture with respect to household consumption impacts. We observe a reduction of food consumption and only find an …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …

borrowers' affordability and credit risk. Our results challenge the implicit assumption of the existing mortgage choice …

, which includes credit impairment and possible guilt, repayment of an underwater mortgage is a wealth-maximizing strategy … studies of default: the magnitude of home equity and the borrower's credit score, which captures default cost. An increase in …, the paper also generates an estimate of the magnitude of default cost, showing that it rises with borrower credit …