-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 …

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 …

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 …