Date of Award


Document Type


Degree Name

Doctor of Philosophy (PhD)

Legacy Department

Applied Economics


Maloney, Michael T

Committee Member

Lindsay , Cotton M

Committee Member

Tollison , Robert D

Committee Member

Warner , John T


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.

Included in

Economics Commons