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Consumer Credit: Too Much or Too Little (or Just Right)?
Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2013
The intersection of research and policy on consumer credit often has a Goldilocks feel. Some researchers and … policymakers posit that consumer credit markets produce too much credit. Other researchers and policymakers posit that markets … produce too little credit. I review theories and evidence on inefficient consumer credit supply. For each of eight classes of …
Persistent link: https://www.econbiz.de/10010951083
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Household Debt: Facts, Puzzles, Theories, and Policies
Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2014
Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth, and composition, as well as various measures of consumer...
Persistent link: https://www.econbiz.de/10010951247
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Household Debt : Facts, Puzzles, Theories, and Policies
Zinman, Jonathan - 2014
Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth, and composition, as well as various measures of consumer...
Persistent link: https://www.econbiz.de/10013047673
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Consumer Credit : Too Much or Too Little (or Just Right)?
Zinman, Jonathan - 2013
The intersection of research and policy on consumer credit often has a Goldilocks feel. Some researchers and … policymakers posit that consumer credit markets produce too much credit. Other researchers and policymakers posit that markets … produce too little credit. I review theories and evidence on inefficient consumer credit supply. For each of eight classes of …
Persistent link: https://www.econbiz.de/10013072659
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Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico-Working Paper 331
Karlan, Dean; Zinman, Jonathan - 2013
The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and … number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by …
Persistent link: https://www.econbiz.de/10010729183
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Credit Building or Credit Crumbling? A Credit Builder Loan’s Effects on Consumer Behavior, Credit Scores and Their Predictive Power
Burke, Jeremy - 2020
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/10012848541
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Long-Run Price Elasticities of Demand for Credit : Evidence from a Countrywide Field Experiment in Mexico
Karlan, Dean S. - 2013
The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and … number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by …
Persistent link: https://www.econbiz.de/10013072069
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Long-Run Price Elasticities of Demand for Credit : Evidence from a Countrywide Field Experiment in Mexico
Karlan, Dean S. - 2013
The long-run price elasticity of demand for credit is a key parameter for intertemporal modeling, policy levers, and … number of borrowers is also elastic. Credit bureau data does not show evidence of crowd-out. Competitors do not respond by …
Persistent link: https://www.econbiz.de/10013081249
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Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees
Stango, Victor; Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2011
We explore dynamics of limited attention in the $35 billion market for checking overdrafts, using survey content as shocks to the salience of overdraft fees. Conditional on selection into surveys, individuals who face overdraft-related questions are less likely to incur a fee in the survey...
Persistent link: https://www.econbiz.de/10009019687
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Borrowing High vs. Borrowing Higher: Sources and Consequences of Dispersion in Individual Borrowing Costs
Stango, Victor; Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2013
We document cross-individual variation in U.S. credit card borrowing costs (APRs) that is large enough to explain … explain APR differences comparable to moving someone from the worst credit score decile to the best. …
Persistent link: https://www.econbiz.de/10010796557