Paige Marta Skiba
Associate Professor of Law
Voice: 615-322-1958
Fax: 615-322-6631
Email: paige.skiba@vanderbilt.edu
Office: Room 289
View curriculum vitae (.pdf)
Personal Website
Links
Area(s) of Expertise
Behavioral economics, law and economics
Research Interest(s)
Behavioral economics, public finance, applied microeconomics, banking, labor economics
Education
Ph.D. (Economics) University of California, Berkeley
B.A. University of Massachusetts, Amherst
Biography
Paige Skiba has conducted innovative research in the area of behavioral law and economics, particularly on topics related to her dissertation, Behavior in High-Interest Credit Markets. She studies the ways in which self control and procrastination affect financial decision making. Her current research focuses on the causes and consequences of borrowing on high-interest credit, such as payday loans and pawnshops, as well as the regulation of these industries. She has been the recipient of numerous research grants and fellowships from institutions such as National Institute on Aging, the National Science Foundation, the Federal Reserve Board of Governors, the Burch Center for Tax Policy and Public Finance, and the Horowitz Foundation for Social Policy. She was a senior research associate of the Federal Reserve Bank of Saint Louis from 1999 to 2001, where she conducted research on monetary policy and regional and urban economics. Professor Skiba earned her Ph.D. in economics from the University of California, Berkeley, in 2007.
Representative Publications
Articles
"Information Asymmetries in Consumer Lending: Evidence from Two Payday Lending Firms," American Economic Journal: Applied Economics (forthcoming 2013) (with Will Dobbie)
"The Ticket to Easy Street? The Financial Consequences of Winning the Lottery," 93(3) Review of Economics and Statistics 961 (with Scott Hankins and Mark Hoekstra). Featured in New York Times, Wall Street Journal and USA Today
"Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles?", American Economic Review Papers and Proceedings, May 2009 (with Sumit Agarwal and Jeremy Tobacman)
"Regulation of Payday Loans: Misguided?", 69(2) Washington and Lee Law Review 1023 (2012) (symposium issue)
"Pecuniary Mistakes? Payday Borrowing by Credit Union Members," in In Financial Literacy: Implications for Retirement Security and the Financial Marketplace (Olivia S. Mitchell and Annamaria Lusardi, eds.), Oxford University Press, 2011 (with Susan Payne Carter and Jeremy Tobacman)
Working Papers
"The Pawn Industry and Its Customers: The United States and Europe" with Marieke Bos and Susan Payne Carter
“The Difference a Day Makes: Measuring the Impact of Payday Loan Length on Probability of Repayment” with Susan Payne Carter and Justin Sydnor
"Do Payday Loans Cause Bankruptcy?” (with Jeremy Tobacman)
"Payday Loans, Uncertainty and Discounting: Explaining Patterns of Borrowing, Repayment, and Default" (with Jeremy Tobacman) Cited in Seventh Circuit decision and featured in the New York Times
Presentations
February 10, 2012: “Information Asymmetries in Consumer Credit Markets: Evidence from Payday Lending,” NBER, Cambridge, Massachusetts
November 11, 2011: "Rationality and Regulation of Payday Loans," Law Symposium, Washington and Lee University School of Law, Lexington, VA
October 17, 2011: "Information Asymmetries in Consumer Credit Markets: Evidence from Payday Loans," Tulane University Law School, New Orleans, LA
September 23, 2011: "Rationality and Regulation of Payday Loans," Payday Lending Roundtable, Center for Transactional Studies, Columbia Law School, New York, NY
August 18, 2011: "Information Asymmetries in Consumer Credit Markets: Evidence from Payday Loans," European Finance Association Meetings, Stockholm, Sweden
Some links on this page require the Adobe Acrobat Reader.