| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30235 |
| 来源ID | Working Paper 30235 |
| Data and Welfare in Credit Markets | |
| Mark Jansen; Fabian Nagel; Constantine Yannelis; Anthony Lee Zhang | |
| 发表日期 | 2022-07-11 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We show how to measure the welfare effects arising from increased data availability. When lenders have more data on prospective borrower costs, they can charge prices that are more aligned with these costs. This increases total social welfare, and transfers surplus from borrowers to lenders. We show that the magnitudes of the welfare changes can be estimated using only quantity data and variation in prices. We apply the methodology on bankruptcy flag removals, and find that removing prior bankruptcy information increases the surplus of previously bankrupt consumers substantially, at the cost of decreasing total social welfare modestly, suggesting that flag removals have low efficiency costs for redistributing surplus to previously bankrupt borrowers. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Financial Economics ; Financial Institutions ; Public Economics |
| URL | https://www.nber.org/papers/w30235 |
| 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/587906 |
| 推荐引用方式 GB/T 7714 | Mark Jansen,Fabian Nagel,Constantine Yannelis,et al. Data and Welfare in Credit Markets. 2022. |
| 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 | ||
| w30235.pdf（693KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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