| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28956 |
| 来源ID | Working Paper 28956 |
| Does Saving Cause Borrowing? | |
| Paolina C. Medina; Michaela Pagel | |
| 发表日期 | 2021-06-28 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We study whether savings nudges have the unintended consequence of additional borrowing in high-interest credit. We use data from a pre-registered experiment that encouraged 3.1 million bank customers to save via SMS messages and train a machine learning algorithm to predict individual-level treatment effects. We then focus on individuals who are predicted to save most in response to the intervention and hold credit card debt. We find that these individuals save 5.7% more (61.84 USD per month) but do not change their borrowing: for every additional dollar saved, we can rule out increases of more than two cents in interest expenses. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics |
| URL | https://www.nber.org/papers/w28956 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586630 |
| 推荐引用方式 GB/T 7714 | Paolina C. Medina,Michaela Pagel. Does Saving Cause Borrowing?. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28956.pdf（531KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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