How Do Individuals Repay Their Debt? The Balance-Matching Heuristic
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下载链接：
https://www.nber.org/papers/w24161
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资源简介：
We study how individuals repay their debt using linked data on multiple credit cards. Repayments are not allocated to the higher interest rate card, which would minimize the cost of borrowing. Moreover, the degree of misallocation is invariant to the economic stakes, which is inconsistent with
提供机构：
美国国家经济研究局
创建时间：
2018-01-01
