We analyze the effectiveness of consumer financial regulation by considering the 2009
Credit Card Accountability Responsibility and Disclosure (CARD) Act. We use a panel data …

High schools in the United States are increasingly requiring their students to complete
financial education prior to graduation. This study estimates the effects of these …

In standard life-cycle models, borrowing enables young adults to smooth consumption, but
for those who are indebted and face high borrowing costs, parental co-residence could …

Purpose By applying the information-motivation-behavioral (IMB) skills model, the purpose
of this paper is to examine the direct and indirect effects of credit card knowledge and social …

This study examines the impact of billing disclosure changes mandated by the Credit Card
Accountability Responsibility and Disclosure (CARD) Act on consumers' decisions about …

The past decade has ushered in historic swings in housing, labor, and stock markets. It has
also prompted growing interest in how young adults, who are only beginning to interact with …

How do lenders of unsecured credit use screening and contract design to mitigate the risks
of information asymmetry and limited commitment in the absence of collateral? To address …

关于家庭借贷, 储蓄及投资的新近研究发现, 家庭金融行为存在着大量的有限理性现象难以用
传统理论进行全面解释, 这使得行为经济学的讨论成为一个合理途径. 基于相关微观数据的可得 …

Young adults frequently have poor credit histories, which can impede economic
opportunities. Several states in the United States have implemented policies mandating …

This paper designs two novel ex-ante personalized contracts based on borrowers' income
expectations and risk profiles over loan age. We benchmark these contracts to 30-year fixed …