Consumer Finance

Our Consumer Finance Institute researches how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Our goal is to foster a healthy consumer sector, a stable financial system, and a resilient regional and national economy.

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Consumer Credit

Working Paper

Financial Consequences of Severe Identity Theft in the U.S.

WP 21-41 – We examine how a negative shock from severe identity theft affects consumer credit market behavior in the United States.

Payment Systems

Working Paper

Dynamic Pricing of Credit Cards and the Effects of Regulation

WP 21-38 – We construct a two-period model of revolving credit with asymmetric information and adverse selection.

Consumer Credit

Working Paper

Reducing Strategic Default in a Financial Crisis

WP 21-36 – We document that increasing penalties for default reduces strategic default in financial crises by exploiting the 2009 changes to Canadian consumer insolvency regulations.

Examining Resolution of Mortgage Forbearances and Delinquencies – November 2021

The Risk Assessment, Data Analysis, and Research (RADAR) Group has created a monthly report examining mortgage forbearances and delinquencies.

Consumer Credit

Working Paper

Decomposing Gender Differences in Bankcard Credit Limits

WP 21-35 – In this paper, we examine if there are gender differences in total bankcard limits by utilizing a data set that links mortgage applicant information with individual-level credit bureau data from 2006 to 2016.

Consumer Credit

Working Paper

Missouri’s Medicaid Contraction and Consumer Financial Outcomes

WP 20-42/R – In July 2005, a set of cuts to Medicaid eligibility and coverage went into effect in the state of Missouri.