| 来源类型 | Journal Publication |
| 规范类型 | 其他 |
| How payday credit access affects overdrafts and other outcomes | |
| Michael R. Strain; Donald P. Morgan; Ihab Seblani | |
| 发表日期 | 2012-06-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Abstract Despite a dozen studies, the welfare effects of payday credit are still debatable. We contribute new evidence to the debate by studying how payday credit access affects bank overdrafts (such as returned checks), bankruptcy, and household complaints against lenders and debt collectors.We find some evidence that Chapter 13 bankruptcy rates decrease after payday credit bans, but where we find that, we also find that complaints against lenders and debt collectors increase. The welfare implications of these offsetting movements are unclear. Our most robust finding is that returned check numbers and overdraft fee income at banks increase after payday credit bans. Bouncing a check may cost more than a payday loan, so this finding suggests that payday credit access helps households avoid costlier alternatives. While our findings obviously do not settle the welfare debate over payday lending, we hope they resolve it to some extent it by illuminating how households rearrange their financial affairs when payday loan supply changes. Click here to get the full text of this paper as an Adobe Acrobat PDF. |
| 主题 | Economics |
| 标签 | bankruptcy ; Policy Papers |
| URL | https://www.aei.org/research-products/journal-publication/how-payday-credit-access-affects-overdrafts-and-other-outcomes/ |
| 来源智库 | American Enterprise Institute (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/209083 |
| 推荐引用方式 GB/T 7714 | Michael R. Strain,Donald P. Morgan,Ihab Seblani. How payday credit access affects overdrafts and other outcomes. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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