administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

student leaves college before attaining a degree, but access to short-term credit through credit card loans buffers this … liquidity effect. By restricting credit supply to college students, the CARD Act of 2009 has inadvertently inhibited the ability …

administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. We find a large stimulus effect, as borrowers … to increase borrowing on credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are …

administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for … borrowers subject to the debt moratorium, as well as an increase in credit scores. Borrowers substitute increased private debt … credit cards, mortgages, and auto loans rather than avoid delinquencies. The effects are concentrated among borrowers without …

Wettbewerbs zwischen den Bundesländern. - 4.3 Finanzielle Anreize für Wettbewerb. - 4.4 Wettbewerb durch Deregulierung. - 4 …