Using a monthly panel dataset of individuals' debt composition including mortgage and nonmortgage consumer credit, we …

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 … in response to changes in uncertainty. Among high-risk borrowers or areas with more high-risk borrowers, increased …

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 …

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

This study investigates the role of risk attitudes and financial expectations in households’ borrowing behaviour. The … central research question is whether risk aversion and optimistic expectations provide additional information beyond the main … economic and sociodemographic characteristics in predicting applications for credit and the size of debt. The paper uses …

-seeking behavior. They supply larger credit due to higher demand, but at higher rates due to greater perceived risks. The resulting … separating equilibrium has higher loan defaults as the perceived risk is realized …

/Value - household borrowing, the credit market and the P2P platforms are widely analysed by both academics and financial institutions …Purpose - to analyse the main borrowing alternatives available to Lithuanian households and the credit market as a … macroeconomic environment for all the credit market segments is the same, the P2P segment is developing significantly faster. If …

We estimate the causal effect of emergency credit on households' finances after a negative shock. To do so, we link … a federally-declared natural disaster, to a panel of credit records before and after the shock. We exploit a … approved. Using an instrumented difference-in-differences research design, we find that credit provision at the time of a shock …

inclusion of a broad set of loan-level controls and fixed effects. We also find that the spread between high and low credit …