Scarcity and consumers’ credit choices
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DOI: 10.1007/s11238-021-09815-2
Abstract: We study the effect of scarcity on decision making by low income Swedes. We exploit the random assignment of welfare payments to study their borrowing decisions within the pawn and mainstream credit market. We document… read more here.
Keywords: scarcity consumers; credit choices; scarcity; consumers credit ... See more keywords