-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 …

Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that …

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 …

macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …

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 …