Open Access. Powered by Scholars. Published by Universities.®
![Digital Commons Network](http://assets.bepress.com/20200205/img/dcn/DCsunburst.png)
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Social and Behavioral Sciences
Restrictions On Credit: A Public Policy Analysis Of Payday Lending, Petru Stoianovici
Restrictions On Credit: A Public Policy Analysis Of Payday Lending, Petru Stoianovici
All Dissertations
Using state level data between 1990 and 2006, I find no empirical evidence that payday lending leads to more bankruptcy filings, which casts some doubt on the debt trap argument against payday lending. I capture the intensity of the payday lending activity in a state by the number of payday lending stores.
I control for restrictions on payday lenders by including into the analysis six variables that I construct that rank legislative provisions across states and across time.