Journal Article
How Did the Great Recession Affect Payday Loans?
Agarwal, Sumit; Mazumder, Bhashkar; Gross, Tal (2016)
This article answers two important questions: Did payday borrowing rise during the Great Recession? And did the use of payday loans expand beyond low-income borrowers to include more middle-income borrowers?
Economic Perspectives , Issue 2 , Pages 1-12