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    The Association Between Payday Lending and Economic Well Being, Evidence from State Level Panel Data from 1991-2013

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    Creator
    Johnston, Alistair Miles
    Advisor
    Wei, Thomas
    Abstract
    Payday lending, short-term loans for small amounts of money with high interest and fees,
     
    is a controversial practice. Many have argued that it creates cycles of debt that harm
     
    borrowers long-term economic well being. The research to this point has measured
     
    different outcomes of economic well being with mixed results. In this paper I use panel
     
    data from 1991 through 2013 for all states and Washington DC to measure the
     
    association between laws allowing payday lending and two measures of economic well
     
    being: income and the poverty rate. Although my results are largely mixed, contrary to
     
    the prevailing popular notion, I find some evidence that payday lending may be
     
    associated with benefits to economic well being.
     
    Description
    M.P.P.
    Permanent Link
    http://hdl.handle.net/10822/760946
    Date Published
    2015
    Subject
    Public policy; Public policy;
    Type
    thesis
    Collections
    • Graduate Theses and Dissertations - Public Policy
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    Georgetown University Seal
    ©2009 - 2018 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu