Showing 1 - 10 of 203
We use a new panel dataset of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that on average...
Persistent link: https://www.econbiz.de/10003597329
"A number of studies have pointed to various mistakes that consumers might make in their consumption-saving and financial decisions. We utilize a unique market experiment conducted by a large U.S. bank to assess how systematic and costly such mistakes are in practice. The bank offered consumers...
Persistent link: https://www.econbiz.de/10003394235
Persistent link: https://www.econbiz.de/10001658434
Persistent link: https://www.econbiz.de/10001652168
"Much of the concern about immigration adversely affecting crime derives from the fact that immigrants tend to have … immigration and crime led to legislation in the 1990s increasing punishments toward criminal aliens. Despite the widespread … perception of a link between immigration and crime, immigrants have much lower institutionalization (incarceration) rates than …
Persistent link: https://www.econbiz.de/10003379592
We estimate the causal effect of cash grants on household finance and business survival following a natural disaster …. Disaster-affected individuals in high damage blocks with access to cash grants have 17% less credit card debt following the … disaster than those without access to cash grants. Grants do not reduce negative financial outcomes, but do decrease migration …
Persistent link: https://www.econbiz.de/10012115987
estimation techniques to analyze the change in transactional demand for cash resulting from greater usage of debit cards in 13 … countries from 1988 to 2003. We are able to disentangle cash's store of value function from its payment function by separating … cash into three denomination categories. We find that the demand for low denomination notes and coins decreases as debit …
Persistent link: https://www.econbiz.de/10003467014
rewards on credit card spending and debt. Specifically, we study the impact of cash-back rewards on individuals before and … during their enrollment in the program. We find that with an average cash-back reward of $25, spending and debt increases by … card prior to the cash-back program increase their spending and debt more than cardholders with debt prior to the cash …
Persistent link: https://www.econbiz.de/10008747502
reductions among first offenders primarily reflect outcomes for offenders who live in lower-crime areas of the city and are not …
Persistent link: https://www.econbiz.de/10012800847
Persistent link: https://www.econbiz.de/10003786286