Working Paper
Consumer Credit with Over-Optimistic Borrowers
WP 21-42 – Do cognitive biases call for regulation to limit the use of credit? We incorporate over-optimistic and rational borrowers into an incomplete markets model with consumer bankruptcy.
Featured Work
Working Paper
Financial Consequences of Severe Identity Theft in the U.S.
WP 21-41 – We examine how a negative shock from severe identity theft affects consumer credit market behavior in the United States.
Working Paper
Reducing Strategic Default in a Financial Crisis
WP 21-36 – We document that increasing penalties for default reduces strategic default in financial crises by exploiting the 2009 changes to Canadian consumer insolvency regulations.
Working Paper
Decomposing Gender Differences in Bankcard Credit Limits
WP 21-35 – In this paper, we examine if there are gender differences in total bankcard limits by utilizing a data set that links mortgage applicant information with individual-level credit bureau data from 2006 to 2016.