Are High-Interest Loans Predatory? Theory and Evidence from Payday Lending
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https://www.nber.org/papers/w28799
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资源简介：
It is often argued that people might take on too much high-cost debt because they are present focused and/or overoptimistic about how soon they will repay. We measure borrowers' present focus and overoptimism using an experiment with a large payday lender. Although the most inexperienced quartile of
提供机构：
美国国家经济研究局
创建时间：
2021-05-01
