Field | Before | After |
---|---|---|
Field Study Withdrawn | Before | After No |
Field Intervention Completion Date | Before | After June 07, 2018 |
Field Data Collection Complete | Before | After Yes |
Field Final Sample Size: Number of Clusters (Unit of Randomization) | Before | After 2821 individuals |
Field Was attrition correlated with treatment status? | Before | After No |
Field Final Sample Size: Total Number of Observations | Before | After 2821 individuals |
Field Final Sample Size (or Number of Clusters) by Treatment Arms | Before | After 1410 Simple reminder, 705 Female agent, 706 Male agent |
Field Is there a restricted access data set available on request? | Before | After No |
Field Program Files | Before | After No |
Field Data Collection Completion Date | Before | After July 04, 2018 |
Field Is data available for public use? | Before | After No |
Field | Before | After |
---|---|---|
Field Paper Abstract | Before | After This study aims to explore how various nudges that have successfully increased the payment discipline among borrowers with performing loans affect the behavior of the defaulted debtors. In three field experiments involving 32,000 borrowers, debtors were randomly assigned to receive reminders that used personalized language, mentioned economic consequences, and prosocial motives. In one experiment, the design of the envelope varied. The experimental results show that simply nudging defaulted individuals does not work. Although every next reminder that debtors receive increases the payment rate, the effect is rather small. Moreover, sending reminders when the promise to make a payment on a debt has already been made can trigger a repeated default. I also find that a red envelope design backfires on collection efforts. The findings offer a fuller understanding of the behavior of defaulted debtors and suggest policy implications in debt repayment and recovery of non-performing loans. |
Field Paper Citation | Before | After Saulı̄tis, A. (2023). Nudging debtors with non-performing loans: Evidence from three field experiments. Journal of Behavioral and Experimental Finance, 37, 100776. https://doi.org/10.1016/j.jbef.2022.100776 |
Field Paper URL | Before | After https://doi.org/10.1016/j.jbef.2022.100776 |