We document cross-individual variation in U.S. credit card borrowing costs (APRs) that is large enough to explain … substantial differences in household saving rates. Borrower default risk and card characteristics explain roughly 40% of APRs. The … explain APR differences comparable to moving someone from the worst credit score decile to the best …

We document cross-individual variation in U.S. credit card borrowing costs (APRs) that is large enough to explain … substantial differences in household saving rates. Borrower default risk and card characteristics explain roughly 40% of APRs. The … explain APR differences comparable to moving someone from the worst credit score decile to the best …

We document cross-individual variation in U.S. credit card borrowing costs (APRs) that is large enough to explain … substantial differences in household saving rates. Borrower default risk and card characteristics explain roughly 40% of APRs. The … explain APR differences comparable to moving someone from the worst credit score decile to the best …

macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …

macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …

macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …