Li, Emma
[Verfasser:in]
;
Liao, Li
[Sonstige Person, Familie und Körperschaft];
Wang, Zhengwei
[Sonstige Person, Familie und Körperschaft];
Xiang, Hongyu
[Sonstige Person, Familie und Körperschaft]
Individual Consumption Response to Expanding Credit Access
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 30, 2018 erstellt
Beschreibung:
This paper exploits a detailed new dataset with comprehensive financial and consumption information to investigate the relationship between a cash-loan borrower's access to credit and their respective consumption response. In particular, we test whether consumption among borrowers with a high level of addiction is more sensitive to a given change in credit. We use an exogenous credit supply shock to cash-loan borrowers and show that expanding credit access is positively associated with increased individual borrowers' consumption, especially on gaming related consumption