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Project Citation: 

Seira, Enrique, Elizondo, Alan, and Laguna-Müggenburg, Eduardo. Replication data for: Are Information Disclosures Effective? Evidence from the Credit Card Market. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07.

Project Description

Summary:  View help for Summary Consumer protection in financial markets in the form of information disclosure is high on government agendas, even though there is little evidence of its effectiveness. We implement a randomized control trial in the credit card market for a large population of indebted cardholders and measure the impact of Truth-in-Lending-Act-type disclosures, de-biasing warning messages and social comparison information on default, indebtedness, account closings, and credit scores. We conduct extensive external validity exercises in several banks, with different disclosures, and with actual policy mandates. We find that providing salient interest rate disclosures had no effects, while comparisons and de-biasing messages had only modest effects at best.

Scope of Project

Subject Terms:  View help for Subject Terms Credit Card; Randomized Control Trial; Nudges
JEL Classification:  View help for JEL Classification
      D14 Household Saving; Personal Finance
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
      G28 Financial Institutions and Services: Government Policy and Regulation
      O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Geographic Coverage:  View help for Geographic Coverage Mexico


Data Source:  View help for Data Source The data used for this paper is privately owned by out parnter bank and we are not allowed to make it public.

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