3. Empirical Strategy
3.1. Principal Requirements
The goal that is primary of paper is always to calculate the end result of pay day loans on economic wellbeing. To this end, we exploit within-state variation in access to payday advances arising from changes in state laws and regulations, along with across-ZIP-code variation within payday-prohibiting states, such as Melzer, within the after regression specification:
The variable that is dependent a way of measuring economic wellbeing through the credit score data (talked about later on) for specific i, in ZIP rule z, county c, state s and 12 months t. Continue reading “Pay day loans and Customer Financial Wellness. Abstract:”