Date of Award
Doctor of Philosophy (PhD)
Maloney, Michael T
Lindsay , Cotton M
Tollison , Robert D
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.
Stoianovici, Petru, "RESTRICTIONS ON CREDIT: A PUBLIC POLICY ANALYSIS OF PAYDAY LENDING" (2008). All Dissertations. 276.