کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5090938 1375652 2010 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Restricting consumer credit access: Household survey evidence on effects around the Oregon rate cap
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Restricting consumer credit access: Household survey evidence on effects around the Oregon rate cap
چکیده انگلیسی

Many policymakers and some theories hold that restricting access to expensive credit helps consumers by preventing overborrowing. I examine some effects of restricting access, using household panel survey data on payday loan users collected around the introduction of binding restrictions on payday loan terms in Oregon. Borrowing fell in Oregon relative to Washington, with former payday borrowers shifting partially into plausibly inferior substitutes: bank overdrafts and late bill payment. Additional evidence suggests that restricting access caused deterioration in the overall financial condition of Oregon households. Overall the results are consistent with restricted access harming, not helping, consumers on average.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 34, Issue 3, March 2010, Pages 546-556
نویسندگان
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