Field
Last Published
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Before
February 02, 2015 02:55 PM
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After
February 02, 2015 02:57 PM
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Field
Primary Outcomes (End Points)
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Before
The main outcome variable of interest is the response of credit card debt to a change in credit card limits. Credit card limit consists of revolving credit card balances, and balances in installments. Secondarily, we are interested in the consumption response in different sectors and other balance sheet effects, such as savings accounts.
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After
The main outcome variable of interest is the response of credit card debt to a change in credit card limits. Credit card limit consists of revolving credit card balances, and balances in installments. Secondarily, I am interested in the consumption response in different sectors and other balance sheet effects, such as savings accounts.
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Field
Randomization Unit
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Before
I group individuals on the basis of credit card utilization, defined as the ratio of end-of-month credit card balances to credit limit. I first estimate a distributed lag-model on the observational data for each utilization decile. The standard errors of the MPC estimates are higher for high utilization individuals, therefore I under-sample individuals that have a low credit card utilization, proportional to the standard errors.
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After
Individuals are grouped on the basis of credit card utilization, defined as the ratio of end-of-month credit card balances to credit limit. I first estimate a distributed lag-model on the observational data for each utilization decile. The standard errors of the MPC estimates are higher for high utilization individuals, therefore I under-sample individuals that have a low credit card utilization, proportional to the standard errors.
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