The Real Costs of Credit Access: Evidence from the Payday Lending Market*
By Brian T. Melzer. 2011
425 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/81ac910c87bf80abf820bf7336523bfe36c4c7d1
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Citations in the corpus
- The causes and consequences of household financial strain: A systematic review (2019, background): “The inability to meet debt repayments or pay utility bills would indicate that financial commitments are becoming unsustainable but, with access to further credit, such temporary problems can be managed (Mirowsky and Ross, 1999).”
- Financial literacy and over-indebtedness in low-income households (2016, background): “…poor credit rating)’, ‘Recommended’, ‘Advertising’ or ‘Approached by moneylender’ 9 Other studies have established that payday loan access leads to increased household finance difficulties Melzer (2011) and its use is often explained by poor financial literacy (Lusardi and Scheresberg, 2013).”
- Classification situations: Life-chances in the neoliberal era (2013, background): “Economists have shown that the use of fringe banking services traps people into cycles of debt, leading to higher rates of bankruptcy and foreclosure (Melzer, 2011; Skiba & Tobacman, 2009).”
- Payday Lenders: Heroes or Villains? (2011, neutral): “The di¢ culty in measuring how payday lending impacts welfare changes over time is in disentangling a causal payday lender e¤ect from endogenous location decisions of lenders and from correlated community economic circumstances causing welfare outcomes.”
- Information Asymmetries in Consumer Credit Markets: Evidence from Payday Lending (2013, neutral): “of Melzer and Morgan (2010), who find results consistent with adverse selection into bank overdraft services when payday lending is available.”
- Information Disclosure, Cognitive Biases and Payday Borrowing and Payday Borrowing (2011, neutral): “4 Morse (2007); Morgan and Stain (2007); Skiba and Tobacman (2007); Melzer (2008), Zinman (2009).”
- Bouncing out of the banking system: An empirical analysis of involuntary bank account closures. (2012, neutral): “Melzer (2007) finds a different result, showing that expanded access to credit via payday lenders leads to worse health outcomes and increased”