Data and Code for: The Semblance of Success in Nudging Consumers to Pay Down Credit Card Debt
收藏ICPSR2025-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/209827/version/V1/view
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资源简介：
We test a nudge in a field experiment on credit cards. The nudge shrouds the Autopay enrollment option for cardholders to automatically pay exactly the credit card minimum payment each month. After six months, the nudge decreases the fraction of cardholders who only pay exactly the minimum by 23\%. However, the nudge does \textit{not} significantly reduce credit card debt. Nudged cardholders often choose Autopay amounts that are only slightly higher than the minimum payment. The nudge reduces Autopay enrollment, which increases missed payments. The nudge reduces manual payments by Autopay enrollees. Cardholders frequently lacking liquid cash best explains our results.
提供机构：
Rice University; Innovations for Poverty Action and London School of Economics; Unaffiliated; Keystone Strategy; University of Warwick; Harvard University and NBER
创建时间：
2025-01-01
