Does Saving Cause Borrowing? Implications for the Co-Holding Puzzle
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https://www.nber.org/papers/w28956
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资源简介:
Using an experiment in which 3.1 million bank customers were encouraged to save, we explore the mechanisms behind co-holding liquid savings and credit card debt. Theoretically, we first show that the joint responses of spending, saving, and borrowing to the nudge differ for different economic models
提供机构:
美国国家经济研究局
创建时间:
2021-06-01



