-seeking behavior. They supply larger credit due to higher demand, but at higher rates due to greater perceived risks. The resulting …

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 …

How does gaining access to expensive credit affect the well-being of credit-constrained households? I use plausibly … payday loans on household well-being. Using suicide risks as a long-term measure for household distress, I find detrimental …

) to examine how household use of payday loans and pawn shops is related to limits on loan fees set by states. We use … information in the CPS to measure the relationship between household characteristics and payday loan and pawn shop usage and to …

This paper studies a type of mortgage applications in which household applicants reject offers from lenders. We find …

This paper investigates the impact of uncertainty on consumer credit outcomes. We develop a local measure of economic … uncertainty capturing county-level labor market shocks. We then exploit microeconomic data on mortgages and credit-card balances … absent and the cost of mortgage credit declines, suggesting that lenders reallocate credit towards safer borrowers when …

economic and sociodemographic characteristics in predicting applications for credit and the size of debt. The paper uses … microdata from the Estonian Household Finance and Consumption Survey (HFCS) and estimates probit and Heckman models. My analysis … larger. The variables describing the household's expectations for its future financial situation are on their own related to …

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 …