Payday loans and credit cards: New liquidity and credit scoring puzzles?

American Economic Review

Volumn 99, Issue 2, 2009, Pages 412-417

  Agarwal, Sumit ^d   Skiba, Paige Marta ^a   Tobacman, Jeremy ^b,c  

^a VANDERBILT UNIVERSITY LAW SCHOOL   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

^c NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^d FEDERAL RESERVE BANK OF CHICAGO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 73849135632     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.99.2.412     Document Type: Conference Paper

References (15)

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2. Agarwal, Sumit, Souphala Chomsisengphet, Chunlin Liu, and Nicholas S. Souleles. 2007a. "Benefits of Relationship Lending: Evidence from the Consumer Credit Market." Unpublished.
3. Agarwal, Sumit, Souphala Chomsisengphet, Chunlin Liu, and Nicholas S. Souleles. 2007b. "Do Consumers Choose the Right Credit Contracts?" http://ssrn.com/abstract=843826.
4. Agarwal, Sumit, John Driscol, Xavier Gabaix, and David Laibson. 2008. "Learning in the Credit Card Market." http://ssrn.com/abstract= 1091623.
5. Bertaut, Carol, and Michael Haliassos. Forthcoming. "Debt Revolvers for Self Control." Review of Finance.
6. Borzekowski, Ron, and Elizabeth K. Kiser. 2008. "The Choice at the Checkout: Quantifying Demand across Payment Instruments." International Journal of Industrial Organization, 26(4): 889-902.
7. Caskey, John P. 1994. Fringe Banking: Check-Cashing Outlets, Pawnshops, and the Poor. New York: Russell Sage Foundation.
8. Elliehausen, Gregory, and Edward C. Lawrence. 2001. "Payday Advance Credit in America: An Analysis of Customer Demand." Unpublished.
9. Gross, David B., and Nicholas S. Souleles. 2002."Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data." Quarterly Journal of Economics, 117(1): 149-85.
10. Io Data Corporation. 2002. "Payday Advance Customer Research: Cumulative State Research Report."
11. Skiba, Paige Marta, and Jeremy Tobacman. 2008a. "Do Payday Loans Cause Bankruptcy?" Unpublished.
12. Skiba, Paige Marta, and Jeremy Tobacman. 2008b. "Payday Loans, Uncertainty, and Discounting: Explaining Patterns of Borrowing, Repayment and Default." Unpublished.
13. Stegman, Michael. 2007. "Payday Lending." Journal of Economic Perspectives, 21(1): 169-90.
14. Telyukova, Irina A., and Randall Wright. 2008. "A Model of Money and Credit, with Application to the Credit Card Debt Puzzle." Review of Economic Studies, 75(2): 629-47.
15. Zinman, Jonathan. 2009. "Debit or Credit?" Journal of Banking and Finance, 33(2): 358-66. http://dx.doi.org/10.1016/j.jbankfin.2008.08.009.