Liquidity Constraints and Imperfect Information in Subprime Lending

By W. Adams, Liran Einav, Jonathan D. Levin. 2009

396 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a3561823989248d2f110b16ddaf0913394c2ccfb

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Citations in the corpus

Robustness checks and robustness tests in applied economics (2014, neutral): “[1 3 5] [1 3] [3 5] [1 5] [1] [3] [5]).”
Welfare Payments and Crime (2011, background): “Low savings levels can have detrimental consequences for the poor, who face severe credit constraints, as documented in Adams, Einav, and Levin (2009), Barr (2004), and elsewhere.”
Search Frictions and Market Power in Negotiated-Price Markets (2019, neutral): “(2004) in their study of the demand for new automobiles), or assumed monopoly pricing (see Adams et al. (2009) in their analysis of sub-prime used-car loans). The focus of the empirical search literature on the other hand has been on posted-price markets and/or assumes exogenous price distributions ”
Gasoline Prices, Fuel Economy, and the Energy Paradox (2014, neutral): “Columns 2, 3, 4, and 6 add lags of the change in G.”
The Spending and Debt Response to Minimum Wage Hikes (2012, neutral): “Column (1), based on the CEX, shows that a $1 increase in the minimum wage causes income to rise by $218 among households with any minimum wage income (row 2) and a comparable magnitude among households with minimum wage jobs that comprise greater than 10 and 20 percent of total household earnings (”
Information Asymmetries in Consumer Credit Markets: Evidence from Payday Lending (2013, neutral): “Note that Adams et al. (2009) use the same assumption to identify the impact of moral hazard in the subprime auto loan market. jump at each loan-eligibility cutoff cl: Li = f(payi) + 500∑ l=100 λl(payi ≥ cl) + ηi (3) where λl measures the contemporaneous increase in debt in response to a credit…”
Consumer Spending and the Economic Stimulus Payments of 2008 (2013, background): “See also Barrow and McGranahan (2000) and Adams, Einav, and Levin (2009) for related results for the earned income tax credit and for subprime auto sales, respectively.)”
Building Social Capital Through Microfinance (2010, neutral): “Across loan cycles, increases in loan size were accompanied by significant increases in default rates (on this correlation see, for instance, Adams et al. (2009)).”