"In a large RCT on a credit card in Mexico, cutting rates and raising minimums barely reduced default. Job loss—more disruptive to cash flow—had far greater impact."
New paper from Castellanos, @d_jimenez, @aprajitmahajan, Prous & @SeiraEnrique:
https://www.restud.com/contract-terms-employment-shocks-and-default-in-credit-cards/
#REStud
I'm glad this is finally out after several years in the works! I’m also on the academic job market this year and happy to connect with anyone to discuss potential opportunities