affect the decisions of lenders and low-income borrowers. Using data derived from direct mailings of credit offers, survey …-reported usage of high-cost alternative credit products, and debt recorded in credit reports, we find that higher minimum wages … increase the supply of unsecured credit to lower-income adults, who in turn, use more traditional credit and less high …

While theory predicts different effects of household credit and enterprise credit on the economy, the empirical … growth whereas household credit has no effect; 2) enterprise credit reduces income inequality whereas household credit has no … effect; and 3) household credit is negatively associated with excess consumption sensitivity, while there is no relationship …

This paper investigates the role of loan contract terms in the performance of consumer credit. Taking advantage of a …

We use individual credit histories to study how creditor-friendly repossession rights in auto lending affect borrowers … uncollateralized and collateralized credit, including home mortgage loans. Our findings suggest that creditors' rights can have broad …

I provide empirical evidence that the effect of high-cost credit access on household material well-being depends on if … a household is experiencing temporary financial distress. Using detailed data on household consumption and location, as … well as geographic variation in access to high cost payday loans over time, I find that payday credit access improves …

I provide empirical evidence that the effect of high-cost credit access on household material well-being depends on if … a household is experiencing temporary financial distress. Using detailed data on household consumption and location, as … well as geographic variation in access to high cost payday loans over time, I find that payday credit access improves …

We evaluate the effect that payday loan access has on credit and labor market outcomes of individuals in the U.S. Army …

. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings …

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 …