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.
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.
Consumer Finance
What is the Consumer Finance Institute?
We study credit and payment markets to understand how they affect consumers and the economy.
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.
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.
Event
Sep
9-10
2021
New Perspectives on Consumer Behavior in Credit and Payments Markets Conference – 2021
Virtual
Report
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.
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.
COVID-19
COVID-19 and the Philadelphia Fed
Get the Philadelphia Fed’s latest information, resources, and research on the coronavirus pandemic's impact on businesses, households, and communities.
Consumer Finance
Consumer Finance Institute Visiting Scholars
We regularly invite outside experts in consumer finance and payments to conduct independent research, collaborate with our staff economists and analysts, and participate in our events.
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.