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The Great Recession and Credit Trends across Income Groups†.
- Source :
- American Economic Review; May2015, Vol. 105 Issue 5, p147-153, 7p, 5 Graphs
- Publication Year :
- 2015
-
Abstract
- In this paper, we document trends in credit use across income groups in the period surrounding the Great Recession. We investigate trends in access to different credit markets, including mortgages, home equity, automobiles, and student loans. We disentangle growth rates of new market entrants from the aggregates and analyze overall as well as within-county growth rate differentials across income strata. Our findings may provide insight into the financial well-being of different income groups in the context of the Great Recession. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00028282
- Volume :
- 105
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- American Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 102579712
- Full Text :
- https://doi.org/10.1257/aer.p20151054