Consumption response to credit expansions: Evidence from experimental assignment of 45,307 credit lines
D Aydin - American Economic Review, 2022 - aeaweb.org
In a field experiment that constructs a randomized credit limit shock, participants borrow to
spend 11 cents on the dollar in the first quarter and 28 cents by the third year. Effects extend …
spend 11 cents on the dollar in the first quarter and 28 cents by the third year. Effects extend …