Advanced search
Publication Cover
Applied Economics Letters Volume 25, 2018 - Issue 11
Submit an article Journal homepage
879
Views
4
CrossRef citations to date
0
Altmetric
Article

Financial literacy and use of payday loans in the United States

Kyoung Tae KimDepartment of Consumer Sciences, University of Alabama, Tuscaloosa, Alabama, USA
&
Jonghee LeeDepartment of Consumer Information Studies, Keimyung University, Daegu, South KoreaCorrespondence[email protected]
Pages 781-784 | Published online: 13 Aug 2017

References

  • Apgar Jr., W. C., and C. E. Herbert. 2006. Subprime Lending and Alternative Financial Service Providers: A Literature Review and Empirical Analysis. Washington, DC: U.S. Department of Housing and Urban Development, Office of Policy Development and Research.
  • Consumer Financial Protection Bureau. 2017. What Is a Payday Loan? https://www.consumerfinance.gov/askcfpb/1567/what-payday-loan.html.
  • Lachance, M. E. 2014. “Financial Literacy and Neighborhood Effects.” Journal of Consumer Affairs 48: 251–273. doi:10.1111/joca.12024.
  • Lawrence, E. C., and G. Elliehausen. 2008. “A Comparative Analysis of Payday Loan Customers.” Contemporary Economic Policy 26: 299–316. doi:10.1111/coep.2008.26.issue-2.
  • Lusardi, A., and O. S. Mitchell. 2009. How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness. NBER Working Paper No. 15350.http://www.nber.org/papers/w15350.
  • Lusardi, A., and O. S. Mitchell. 2014. “The Economic Importance of Financial Literacy: Theory and Evidence.” Journal of Economic Literacy 52: 5–44. doi:10.1257/jel.52.1.5.
  • Lusardi, A., and C. B. Scheresberg. 2013. Financial Literacy and High-Cost Borrowing in the United States. NBER Working Paper No. 18969. http://www.nber.org/papers/w18969.
  • Robb, C. A., P. Babiarz, A. Woodyard, and M. C. Seay. 2015. “Bounded Rationality and Use of Alternative Financial Services.” Journal of Consumer Affairs 49: 407–435. doi:10.1111/joca.2015.49.issue-2.
  • van Rooij, M., A. Lusardi, and R. Alessie. 2011. “Financial Literacy and Stock Market Participation.” Journal of Financial Economics 101: 449–472. doi:10.1016/j.jfineco.2011.03.006.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.