Add to ORKGPayday loans are used by millions of Americans every year despite their annualized interest rates of several hundred percent. We provide new evidence on the consequences of payday borrowing and the determinants of personal bankruptcy. Using an administrative panel data set of loan records in a regression-discontinuity design, we estimate that payday loans increase personal bankruptcy rates by a factor of two. We assess possible mechanisms and find the most support for a novel one: payday loan access appears to induce bankruptcy filings by worsening the cash flow position of the household
A "payday loan" is a short-term loan made for seven to 30 days for a small amount. Fees charged on p...
The payday loan industry is one of the fastest growing segments of the consumer financial services m...
High-interest payday loans have proliferated in recent years; so too have efforts to regulate them. ...
An estimated ten million American households borrow on payday loans each year. Despite the prevalenc...
This Article reviews the literature on the debate regarding the causal relationship between filing f...
Payday loans are short term small dollar amount loans that are easy to acquire. Using 1997-2015 U.S....
An estimated ten million American households borrow on payday loans each year. Despite the prevalenc...
Sixteen states and the District of Columbia currently ban payday lending, short-term small-dollar lo...
Despite a dozen studies, the welfare effects of payday credit are still debatable. We contribute new...
This dissertation examines the financial position of payday borrowers using the most detailed nation...
Economic theory suggests that payday lending can either increase or decrease consumer welfare. Consu...
A large literature has examined factors leading to filing for personal bankruptcy, but little is kno...
When a borrower faces an unexpected cash shortage in advance of an anticipated paycheck, short-term ...
The payday loan, or more generally, the deferred deposit loan, is among the most contentious forms o...
Payday loans are controversial high cost, short-term lending products, banned in many US states. But...
A "payday loan" is a short-term loan made for seven to 30 days for a small amount. Fees charged on p...
The payday loan industry is one of the fastest growing segments of the consumer financial services m...
High-interest payday loans have proliferated in recent years; so too have efforts to regulate them. ...
An estimated ten million American households borrow on payday loans each year. Despite the prevalenc...
This Article reviews the literature on the debate regarding the causal relationship between filing f...
Payday loans are short term small dollar amount loans that are easy to acquire. Using 1997-2015 U.S....
An estimated ten million American households borrow on payday loans each year. Despite the prevalenc...
Sixteen states and the District of Columbia currently ban payday lending, short-term small-dollar lo...
Despite a dozen studies, the welfare effects of payday credit are still debatable. We contribute new...
This dissertation examines the financial position of payday borrowers using the most detailed nation...
Economic theory suggests that payday lending can either increase or decrease consumer welfare. Consu...
A large literature has examined factors leading to filing for personal bankruptcy, but little is kno...
When a borrower faces an unexpected cash shortage in advance of an anticipated paycheck, short-term ...
The payday loan, or more generally, the deferred deposit loan, is among the most contentious forms o...
Payday loans are controversial high cost, short-term lending products, banned in many US states. But...
A "payday loan" is a short-term loan made for seven to 30 days for a small amount. Fees charged on p...
The payday loan industry is one of the fastest growing segments of the consumer financial services m...
High-interest payday loans have proliferated in recent years; so too have efforts to regulate them. ...