Credit Use of U.S. Households After the Great Recession PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Credit Use of U.S. Households After the Great Recession PDF full book. Access full book title Credit Use of U.S. Households After the Great Recession by Kyoung Tae Kim. Download full books in PDF and EPUB format.

Credit Use of U.S. Households After the Great Recession

Credit Use of U.S. Households After the Great Recession PDF Author: Kyoung Tae Kim
Publisher:
ISBN:
Category :
Languages : en
Pages : 32

Get Book Here

Book Description
Using the 2010 and 2013 Survey of Consumer Finances (N=12,497), this study investigates the relationship between credit constraint and credit use of U.S. households after the Great Recession. Credit use is identified for two major categories of household debt, (1) installment loan debt and (2) credit card debt. Results of a Heckman selection model indicate that households experiencing credit constraint are more likely to hold installment loan debt and have higher loan amounts than those not experiencing credit constraint. Constrained households are also more likely to hold outstanding credit card balances, but have with lower balance totals than households not experiencing credit constraint. This research provides important insights into consumer credit research as well as related consumer policy.