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 …

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 …

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

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 …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence …