An experimental analysis associated with interest in payday advances
Bart J. Wilson, David W. Findlay, James W. Meehan, Charissa Wellford, Karl Schurter
Research production: Contribution to journal › Article
Abstract
The cash advance industry is among the quickest growing sections of this customer economic solutions market in the us. We design a host comparable to one that pay day loan clients face and then conduct a laboratory test to examine exactly what impact, if any, the presence of payday advances is wearing people’ abilities to control and also to survive setbacks that are financial. Our objective that is primary is examine whether usage of pay day loans improves or worsens the probability of economic survival within our experiment.
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