The growth of the availability and use of detailed household financial transaction micro data
has dramatically expanded the ability of researchers to understand both household decision …

Using detailed account‐level data, this paper explores how financial sophistication affects
consumers' spending responses to changes in income. I document that, controlling for …

This paper analyzes how better access to financial information via new technology changes
use of consumer credit and affects financial fitness. We exploit the introduction of a …

This article investigates how incentives and behavioural policy interventions affect
individuals' allocation of scarce cognitive resources. Based on experimental evidence, we …

“Buy-now-pay-later”(BNPL) is a relatively unregulated FinTech innovation that provides
consumers with easy access to credit for retail purchases. BNPL spending is projected to …

Does automatic enrollment into a retirement plan increase financial distress due to
increased borrowing outside the plan? We study a natural experiment created when the US …

The high cost of living and prolonged lockdowns due to the COVID-19 pandemic made the
financial well-being of individuals vulnerable, especially young adults. This paper examines …

This paper investigates how cashless payment affects credit access for the underprivileged
using Alipay, a BigTech platform that offers various financial services to over 1 billion users …

Households are one of the key participants in the economy as they provide land, labor, and
capital to the external economy, in exchange for incomes including rents, wages, interests …

A new form of secured lending using “digital collateral” has recently emerged, most
prominently in low-and middle-income countries. Digital collateral relies on lockout …