In this paper, we critically review the literature on finance and inequality, highlighting
substantive gaps in the literature. Finance plays a crucial role in the preponderance of …

Borrowing decisions affect most households, with large stakes and implications for research
subfields as varied as macroeconomics and industrial organization. I review theoretical and …

This paper discusses the empirical literature on the economic consequences of disclosure
and financial reporting regulation, drawing on US and international evidence. Given the …

This paper examines the relationship between self-control, financial literacy and over-
indebtedness on consumer credit debt among UK consumers. Lack of self-control and …

Young Americans are heavily reliant on debt and have clear financial literacy shortcomings.
In this paper, we study the effects of exposure to financial training on debt outcomes in early …

We use survey data from a sample of UK households to analyse the relationship between
financial literacy and consumer credit portfolios. We show that individuals who borrow on …

The authors propose that attempts to increase consumers' objective knowledge (OK)
regarding financial instruments can deter willingness to invest when such attempts diminish …

In cross-sectional data sets from ten credit markets, we find that middle-aged adults borrow
at lower interest rates and pay fewer fees relative to younger and older adults. Fee and …

We present a generally applicable theory of focusing based on the hypothesis that a person
focuses more on, and hence overweights, attributes in which her options differ more. Our …

Exponential growth bias is the pervasive tendency to linearize exponential functions when
assessing them intuitively. We show that exponential growth bias can explain two stylized …