Payday bankruptcy.
| dc.contributor.advisor | Kelly, Thomas M. | |
| dc.creator | Camp, Dillon Tyler, 1992- | |
| dc.date.accessioned | 2017-09-28T13:46:57Z | |
| dc.date.available | 2017-09-28T13:46:57Z | |
| dc.date.created | 2017-08 | |
| dc.date.issued | 2017-07-19 | |
| dc.date.submitted | August 2017 | |
| dc.date.updated | 2017-09-28T13:46:57Z | |
| dc.description.abstract | Payday loans are short term small dollar amount loans that are easy to acquire. Using 1997-2015 U.S. Courts data from all 50 states and Washington D.C., I analyze the effect of payday lending bans on non-business personal bankruptcy filings with a differences-in-differences approach. I find that a ban on payday loans has a significant effect on the number of non-business personal bankruptcy filings per 100,000 people. A ban on payday lending decreases the personal bankruptcy rate by 45.96 to 59.58 filings per 100,000 people per year, a 12.02 to 15.58\% decrease from the 1997-2015 national average of 382.31. If payday loans are made to financially distressed individuals, a ban on payday loans should either increase or not change the number of bankruptcy filings. Instead, I find a decrease in personal bankruptcy filings which suggests that the restriction of credit in the form of a ban on payday lending enhances welfare. | |
| dc.format.mimetype | application/pdf | |
| dc.identifier.uri | http://hdl.handle.net/2104/10128 | |
| dc.language.iso | en | |
| dc.rights.accessrights | Worldwide access. | |
| dc.rights.accessrights | Access changed 1/12/23. | |
| dc.subject | Payday. Payday loans. Bankruptcy rate. Bankruptcy, 1997-2015. Personal bankruptcy. Personal, non-business bankruptcy. Non-business filings. Filings per 100000. Diff-in-diff. Differences-in-differences. Difference-in-difference. Differences-in-difference. Difference-in-differences. Payday law. Payday legislation. Deferred presentment. Deferred. Default. Payday bankruptcy. | |
| dc.title | Payday bankruptcy. | |
| dc.type | Thesis | |
| dc.type.material | text | |
| local.embargo.lift | 2022-08-01 | |
| local.embargo.terms | 2022-08-01 | |
| thesis.degree.department | Baylor University. Dept. of Economics. | |
| thesis.degree.grantor | Baylor University | |
| thesis.degree.level | Masters | |
| thesis.degree.name | M.S.Eco. |
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