… consequences of access to payday loans, we take advantage of a discontinuity in the payday
loan approval process to estimate short- and long-run effects of getting a payday loan. Our …

… the payday loan industry and its borrowers, a conceptual framework of consumer use of
payday loans, the consequences of payday loan … consumers’ choice to use payday loans. The …

… Payday loans are used by millions of Americans every year … We provide new evidence
on the consequences of payday … A variety of choices can be made for the functional form of f(…

… new consumer protections in the payday loan market may be … and welfare consequences
of payday loans has been quite … bans would expand financial choices and allow individuals …

… influences the borrowing of payday loans – a prevalent type of cash loan in the USA with …
would be similarly detrimental to consumer's financing choice such as payday loans. …

… This finding contrasts sharply with priors we elicited from 103 payday lending and … to study
common payday lending regulations. In our model, banning payday loans reduces welfare …

… I explore the consequences (intended or otherwise) of these various constraints on … timing
underlying credit card users' choice to use payday loans and their circumstances leading up to …

… 20, at 20 (explaining that “a payday loan may be a plainly bad financial choice in the long
run, but the … This may serve to mitigate the negative consequences of payday loan marketing. …

… As a result, researchers interested in studying the consequences of payday loans must
typically opt for one of two analytic strategies. The first … Payday loan choices and consequences …

… effects of payday loans on consumers by using a unique data set including 99% of loans
approved … Using a regression discontinuity research design, our results show that payday loans …