Publications

1) "The Ticket to Easy Street? The Financial Consequences of Winning the Lottery," with Scott Hankins and Mark Hoekstra (available at http://ssrn.com/abstract=1324845), forthcoming, Review of Economics and Statistics.

          Featured in The New York Times, The Wall Street Journal, and USA Today

2) "Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles?" with Sumit Agarwal and Jeremy Tobacman, American Economic Review Papers and Proceedings, 9(2), May 2009, pp. 412-417.

3) "Pecuniary Mistakes? Payday Borrowing by Credit Union Members," with Susan P. Carter and Jeremy Tobacman (2011). Olivia S. Mitchell and Annamaria Lusardi, eds., Financial Literacy: Implications for Retirement Security and the Financial Marketplace. Oxford, UK: Oxford University Press, forthcoming.

4) "Misguided Payday Loan Regulation," forthcoming, Washington and Lee Law Review Symposium issue.

Working Papers

1) "Information Asymmetries in Consumer Lending: Evidence from Two Payday Lending Firms," with Will Dobbie (available at http://ssrn.com/abstract=1742564).

2) "Do Payday Loans Cause Bankruptcy?" with Jeremy Tobacman (available at http://ssrn.com/abstract=1266215)

          Featured in The Tennesseean 

3) "Payday Loans, Uncertainty and Discounting: Explaining Patterns of Borrowing, Repayment, and Default," with Jeremy Tobacman (available at http://ssrn.com/abstract=1319751)

          Cited in Seventh Circuit decision
          Featured in The New York Times
 

Works in Progress

1) "21st Century Pawnbroking"

2) "Tax Rebates and Payday Borrowers"

3) "Check Cashing: Time Preferences, Income Variability and Rationality among the Unbanked," with Susan Payne Carter and Justin Sydnor

4) "Payday Loans: Is Longer Better?" with Susan Payne Carter and Justin Sydnor

5) "Dismissal with Prejudice? Race and Politics in Personal Bankruptcy," with Sumit Agarwal, Souphala Chomsisengphet, and Robert McMenamin

6) "The Profitability of Payday Loans," with Jeremy Tobacman (pdf) 

          Featured in The Los Angeles Times

7) "Financial Smoking Guns: High-Frequency Links between Transactions and Crime," with Sumit Agarwal and Jeremy Tobacman

8) "The Impact of Consumer Spending Dynamics and Debt on Bankruptcy Chapter Choice," with Sumit Agarwal

9) "Do Bankrupt Households Lie about Debt and Assets?" with Sumit Agarwal and Souphala Chomsisengphet

10) "The Effect of Tax Credits on Subprime Borrowing: Evidence from Pawnshops and Payday Borrowing," with Sumit Agarwal and Jeremy Tobacman

November 2011