Impact University: Matt Fellowes

Behavioral Economics

Borrowing to Get Ahead, and Behind: The Credit Boom and Bust in Lower-Income Markets >

Fellowes, M. and Mabanta, M. (2007-05, The Brookings Institution): In the past few decades, lending has changed dramatically with an increase the supply of credit. With lending expanding in lower-class markets, a whole new array of policy implications have appeared leaving policymakers with more concerns.