منابع مشابه
What happens when payday borrowers are cut off from payday lending ? A natural experiment ∗
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Concern about the increasing use of payday lending led the UK's Financial Conduct Authority to introduce landmark reforms in 2014/15. While these reforms have generally been welcomed as a way of curbing 'extortionate' and 'predatory' lending, this paper presents a more nuanced picture based on a theoretically-informed analysis of the growth and nature of payday lending combined with original an...
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Usinggeographicdifferences intheavailabilityof paydayloans, I estimatethe real effects of credit access among low-income households. Payday loans are small, highinterest rate loans that constitutethemarginal sourceof credit formanyhigh risk borrowers. I find no evidence that payday loans alleviate economic hardship. Tothecontrary, loanaccess leads toincreaseddifficultypayingmortgage, rent and u...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2007
ISSN: 0895-3309
DOI: 10.1257/jep.21.1.169