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Information Asymmetries in Consumer Credit Markets: Evidence from Payday Lending
16 references·16 citing·52 second hopsampled
Information Asymmetries in Consumer Credit Markets: Evidence from Payday Lending (2013)Information Asymmetries in Consumer Credi…Information Disclosure, Cognitive Biases, and Payday Borrowing (2011)Information Disclosure, Cogni…Psychology and Economics: Evidence from the Field (2009)Psychology and Economics: Evi…Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts (2009)Expanding Credit Access: Usin…Moral Hazard versus Liquidity and Optimal Unemployment Insurance (2008)Moral Hazard versus Liquidity…A Quantitative Theory of Unsecured Consumer Credit with Risk of Default (2007)A Quantitative Theory of Unse…Household Expenditure and the Income Tax Rebates of 2001 (2006)Household Expenditure and the…Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data (2002)Do Liquidity Constraints and …Choice and Procrastination (2001)Choice and ProcrastinationThe Response of Household Consumption to Income Tax Refunds (1999)The Response of Household Con…The Reaction of Household Consumption to Predictable Changes in Social Security Taxes (1999)The Reaction of Household Con…Psychology and Economics (1997)Psychology and EconomicsAnomalies in Intertemporal Choice: Evidence and an Interpretation (1992)Anomalies in Intertemporal Ch…The Failure of Competition in the Credit Card Market (1991)The Failure of Competition in…Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence (1989)Optimal Consumption with Stoc…The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (1982)The Sensitivity of Consumptio…The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (1980)The Sensitivity of Consumptio…Measuring the welfare cost of asymmetric information in consumer credit markets (2022)Measuring the welfare cost of…Selection, Leverage, and Default in the Mortgage Market (2021)Selection, Leverage, and Defa…Learning to Navigate a New Financial Technology: Evidence from Payroll Accounts (2020)Learning to Navigate a New Fi…When Salespeople Manage Customer Relationships: Multidimensional Incentives and Private Information (2019)When Salespeople Manage Custo…The impact of interest rate ceilings on households’ credit access: Evidence from a 2013 Chilean legislation (2019)The impact of interest rate c…The effects of scarcity on cheating and in-group favoritism (2019)The effects of scarcity on ch…Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession (2019)Macroeconomic Effects of Debt…Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit (2018)Screening on Loan Terms: Evid…Unsecured Credit Supply, Credit Cycles, and Regulation (2017)Unsecured Credit Supply, Cred…Spillovers from Costly Credit (2017)Spillovers from Costly CreditMuch Ado about Nothing? New Evidence on the Effects of Payday Lending on Military Members (2016)Much Ado about Nothing? New E…RECENT DEVELOPMENTS IN CONSUMER CREDIT AND DEFAULT LITERATURE (2015)RECENT DEVELOPMENTS IN CONSUM…Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow? (2015)Do Banks Pass Through Credit …Household Debt: Facts, Puzzles, Theories, and Policies (2014)Household Debt: Facts, Puzzle…Consumer Credit: Too Much or Too Little (or Just Right)? (2014)Consumer Credit: Too Much or …Consumer Credit: Too Much or Too Little (or Just Right)? (2013)Consumer Credit: Too Much or …A model of price adjustment (1971)Markets with Consumer Switching Costs (1987)Courts and Relational Contracts (2002)Securities and Exchange Commission (2004)Information, School Choice, and Academic Achievement: Evidence from Two Experiments* (2008)Strategic price complexity in retail financial markets☆ (2008)A model of investor sentiment /Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Individual differences in reasoning: Implications for the rationality debate? (2000)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Saving and Uncertainty: The Precautionary Demand for Saving (1968)Consumption and Liquidity Constraints: An Empirical Investigation (1989)Uninsured Idiosyncratic Risk and Aggregate Saving (1994)Measuring Expectations (2004)How do house prices affect consumption? Evidence from micro data (2006)Myopia and Inconsistency in Dynamic Utility Maximization (1973)Toward a positive theory of consumer choice (1980)Time Discounting and Time Preference: A Critical Review (2002)Construal-level theory of psychological distance. (2010)Judgment under Uncertainty: Heuristics and Biases (1974)Prospect Theory: An Analysis of Decision under Risk (1979)What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World? (2007)Salience and Taxation: Theory and Evidence (2009)Thirty Years of Prospect Theory in Economics: A Review and Assessment (2013)The CES-D Scale (1977)Perceived stress in a probability sample of the United States (1988)Distinguishing optimism from neuroticism (and trait anxiety, self-mastery, and self-esteem): A reevaluation of the Life Orientation Test. (1994)Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries (2013)The Real Impact of Improved Access to Finance: Evidence from Mexico (2013)Financial Inclusion and Inclusive Growth: A Review of Recent Empirical Evidence (2017)Golden Eggs and Hyperbolic Discounting (1997)Doing It Now or Later (1999)Psychological foundations of incentives (2002)Cultural group selection, coevolutionary processes and large-scale cooperation (2003)Information Privacy Research: an Interdisciplinary Review1 (2011)Economics of Information and Job Search (1970)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Duration Dependence and Labor Market Conditions: Evidence from a Field Experiment (2013)People, Places, and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs (2014)A Unified Welfare Analysis of Government Policies* (2020)Saving and Liquidity Constraints (1989)Saving and Liquidity Constraints (1991)The Age of Reason: Financial Decisions over the Life Cycle and Implications for Regulation (2009)House Prices, Home Equity–Based Borrowing, and the US Household Leverage Crisis (2011)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)Implications of rational inattention (2003)The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (2010)How Does Household Spending Respond to an Epidemic? Consumption during the 2020 COVID-19 Pandemic (2020)The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data (2020)Quantile regression with nonadditive fixed effects (2022)
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References

  • 1997Psychology and Economics2,494 cited
  • 2009Psychology and Economics: Evidence from the Field2,406 cited
  • 1992Anomalies in Intertemporal Choice: Evidence and an Interpretation2,305 cited
  • 2001Choice and Procrastination944 cited
  • 2006Household Expenditure and the Income Tax Rebates of 2001939 cited
  • 1989Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence904 cited
  • 2009Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts899 cited
  • 2002Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data865 cited
  • 2008Moral Hazard versus Liquidity and Optimal Unemployment Insurance854 cited
  • 1991The Failure of Competition in the Credit Card Market783 cited
  • 1982The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households733 cited
  • 1999The Response of Household Consumption to Income Tax Refunds699 cited
  • 1980The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households650 cited
  • 2007A Quantitative Theory of Unsecured Consumer Credit with Risk of Default572 cited
  • 1999The Reaction of Household Consumption to Predictable Changes in Social Security Taxes

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553 cited
  • 2011Information Disclosure, Cognitive Biases, and Payday Borrowing546 cited
  • Cited by

    • 2015Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?96 cited
    • 2020Learning to Navigate a New Financial Technology: Evidence from Payroll Accounts80 cited
    • 2016Much Ado about Nothing? New Evidence on the Effects of Payday Lending on Military Members73 cited
    • 2014Household Debt: Facts, Puzzles, Theories, and Policies68 cited
    • 2019Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession66 cited
    • 2021Selection, Leverage, and Default in the Mortgage Market58 cited
    • 2017Unsecured Credit Supply, Credit Cycles, and Regulation55 cited
    • 2014Consumer Credit: Too Much or Too Little (or Just Right)?53 cited
    • 2019The effects of scarcity on cheating and in-group favoritism52 cited
    • 2015RECENT DEVELOPMENTS IN CONSUMER CREDIT AND DEFAULT LITERATURE52 cited
    • 2018Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit50 cited
    • 2022Measuring the welfare cost of asymmetric information in consumer credit markets50 cited
    • 2019When Salespeople Manage Customer Relationships: Multidimensional Incentives and Private Information50 cited
    • 2017Spillovers from Costly Credit47 cited
    • 2019The impact of interest rate ceilings on households’ credit access: Evidence from a 2013 Chilean legislation45 cited
    • 2013Consumer Credit: Too Much or Too Little (or Just Right)?33 cited