What do Consumers Really Pay on Their Checking and Credit Card Accounts? Explicit, Implicit, and Avoidable Costs

By Victor Stango, Jonathan Zinman. 2009

183 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/0ffb6bd3d6b0676a7e4b0e5a345fffb536a1fcde

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Citations in the corpus

Consumer Inattention and Bill-Shock Regulation (2015, background): “Stango and Zinman (2009) find other evidence of inattention: the median US checking-account holder could avoid more than 60% of overdraft charges by using alternative cards with available liquidity.”
Teaching teenagers in finance: does it work? (2015, background): “For example, some individuals repeatedly pay expensive overdraft fees on their credit cards (Stango and Zinman, 2009), they seem to be taken advantage of by brokers when choosing a mortgage (Woodward and Hall, 2011), a large portion feel overburdened with debt (e.”
Persistence (2014, unknown): “We choose OPOWER as the illustration because of the robustness of the research examining the HERs, the policy importance of the intervention, the scale of the intervention, and because the intervention’s persistence likely arises as a result of many different pathways.”
Financially Fragile Households: Evidence and Implications (2011, unknown): “It is known that people do value slack in their credit card accounts (Agarwal, Skiba, and Tobacman 2010, Stango and Zinman 2009).”
Cellular Service Demand: Biased Beliefs, Learning, and Bill Shock (2015, background): “Convincing evidence of consumer inattention (Stango and Zinman 2009, Stango and Zinman 2010) suggests that this fee revenue would be dramatically curtailed if the Fed imposed its own bill-shock regulation by requiring debit card processing terminals to ask users “$35 overdraft fee applies, continue…”
The Effects of Perceived and Actual Financial Literacy on Financial Behaviors (2016, unknown): “user on the path to financial problems if repeated over time (Stango and Zinman 2009).”
Winning the Battle but Losing the War: The Psychology of Debt Management (2011, methodology): “This game was played under the rules of the no-saving condition in Experiment 1 (identical to the control conditions of Experiments 3 and 4). and that they often fail to transfer balances from highinterest to low-interest debt accounts (Stango and Zinman 2009b).”
Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees (2011, unknown): “Consumers could avoid many overdraft fees by tapping readily available sources of liquidity (Stango and Zinman 2009).”