, and institutional apparatus.The current economic structure of federal student loans does not resemble a true credit …

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 … absent and the cost of mortgage credit declines, suggesting that lenders reallocate credit towards safer borrowers when …

How does gaining access to expensive credit affect the well-being of credit-constrained households? I use plausibly …

This paper isolates the causal impact of neighborhood environment on credit outcomes of low-income borrowers by … families vouchers to move to better neighborhoods via randomized lottery. We find higher credit scores and use among those …

Data Point provides a closer look at borrowers' use of credit as they approach and make their final student loan payments … preceding the payoff. In the same month as the payoff, these borrowers also reduce their credit card balances and make large …

increase debt holdings at age 25 but decrease debt holdings at age 30 by reducing credit card debt. I explore potential … credit constraint channels, but not because they become more averse to debt …

from other unsecured debt. In 2005, student loans originated by private companies — loans granted only to credit … the cost of consumer credit. Focusing on consumers' decision-making biases, opponents predicted that there would be no … discernible change in the cost of consumer credit or loan volumes. We develop and test theoretical models predicting the effects …