The very first two waves associated with CPS data span three loan that is payday: Arizona, Montana, and brand brand New Hampshire. No brand new bans had been introduced between your second and 3rd waves associated with CPS. The CCP data span four loan that is payday: the 3 included in the CPS and the ban used by Washington, DC.
Empirical Analysis
We examine the result associated with the present loan that is payday described in Section 4 using data collected prior to and after the insurance policy modifications to compare borrowing behavior in states that changed their pay day loan regulations plus in states that didn’t. Because our analysis includes state fixed impacts, our calculated coefficients are identified from variations in alterations in borrowing behavior amongst the two sets of states.
Overview Statistics
Dining dining dining Table 1 reports descriptive data regarding the utilization of alternate services that are financial the CPS information. Continue reading “Demographic traits by utilization of Alternative Financial solutions (AFS) Credit items”