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 …

We study nudges that turn out to have precise null effects in reducing long‐run credit card
debt. We test nudges across two field experiments covering 183,441 UK cardholders. Our …

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

In this article we analyze the impact of automatic bill payment (ABP) on household debt. We
present a theoretical intertemporal consumption model that shows an inattention effect when …

Credit card minimum payments are designed to ensure that individuals pay down their debt
over time, and scheduling minimum automatic repayments helps people avoid forgetting to …

We run a field experiment and a survey experiment to study an active choice nudge. Our
nudge is designed to reduce the anchoring of credit card payments to the minimum …

Can digital repayment reminders reduce costly credit card delinquency? This paper
analyzes data from a 2016 randomized controlled field trial of a reminder sent to 30-days …

Banks impose a variety of account fees, and credit card issuers impose a variety of fees
related to card usage. Using detailed data from a 2021 representative diary survey of US …

Information is central to the functioning of financial markets. Historically, voluntary
information sharing among firms has developed through the establishment of intermediaries …

This paper extends and refines the finding (Schuh, 2018) that daily transaction-level
consumer payments in the 2012 Diary of Consumer Payment Choice (DCPC) cover a high …