Figure shows RD second-stage plots when it comes to pooled test of first-time pay day loan applications.
Outcomes for credit balances make sure this escalation in applications contributes to increased balances, present in both total credit balances (including payday advances) and non-payday credit balances. On line Appendix Figure A5 illustrates outcomes for (i) total credit balances and (ii) non-payday credit balances, confirming that increased product holdings additionally translate to increased credit balances. 22 Non-payday balances also increase. The approximated impacts in on line Appendix Figure A5 imply an increase in non-payday balances at 6вЂ“12 months after getting a primary loan that is payday of%. At slim bandwidths (below half the IK optimal), these impacts aren’t statistically distinct from zero during the 0- to 6-month horizon for non-payday balances and also at the 6- to 12-month horizon for total balances and non-payday balances, illustrated in Online Appendix Figure A6. (more…)