and that high-cost loans are likely used to finance impulse spending or function as a way to prolong a credit …

We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they …

I exploit a natural experiment to show that household investment decisions depend on the manner in which information is …

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently … and often have their credit limits reduced unexpectedly. Credit limit volatility is larger than most estimates of income …

We set up and solve a rich life-cycle model of household decisions involving consumption of both perishable goods and …

credit constraints are ignored. As a more constructive contribution, I supply a tractable approach to obtaining bounds on the … register data. Results suggest that children does not affect household consumption in the same magnitude previously assumed …

Using comprehensive credit bureau data, we document that consumers who borrow from marketplace lending (MPL) platforms … have lower credit scores and higher default rates in the long run relative to observably similar applicants for bank loans …

We study recent technological innovation in credit markets and document their role in providing information to … households. We show that households value the ability to learn detailed information about their cost of credit. This function is … most valued by less creditworthy households with less experience in credit markets. To measure the demand for information …

the puzzling co-existence of high cost revolving consumer credit alongside low yield liquid savings in household balance …We use UK household survey data incorporating measures of financial literacy and behavioural characteristics to analyse … revolving consumer credit alongside £8,000 of liquid savings. Co-holders are typically more financially literate, with above …