Title: Unshrouding: Evidence from Bank Overdrafts in Turkey

Type Dataset Alan, Sule, Cemalciclar, Mehmet, Karlan, Dean, Zinman, Jonathan (2017): Unshrouding: Evidence from Bank Overdrafts in Turkey. Harvard Dataverse. Dataset. https://dataverse.harvard.edu/dataset.xhtml?persistentId=doi:10.7910/DVN/5CBYG5

Authors: Alan, Sule (University of Essex and Koc University) ; Cemalciclar, Mehmet (Koc University) ; Karlan, Dean (Yale University) ; Zinman, Jonathan (Dartmouth College) ; Research Transparency, Data Ethics, and Governance (Innovations for Poverty Action) ;

Links

• Item record in Abdul Latif Jameel Poverty Action Lab Dataverse
• Digital object URL

Summary

Lower prices produce higher demand… or do they? A bank’s direct marketing to holders of “free” checking accounts show that a large discount on 60% APR overdrafts reduces overdraft usage, especially when bundled with a discount on debit card or auto-debit transactions. In contrast, messages mentioning overdraft availability without mentioning price increase usage. Neither change persists long after messages stop. These results do not square easily with classical models of consumer choice and firm competition. Instead they support behavioral models where consumers both underestimate and are inattentive to overdraft costs, and firms respond by shrouding overdraft prices in equilibrium.

More information

• DOI: 10.7910/DVN/5CBYG5

Subjects

• Social Sciences, Household finance, Consumer finance, Behavioral finance, Contingent charges, Deceptive advertising, Transaction-linked credit, Small-dollar loans, Consumer banking, Retail banking, Deposit accounts

Dates

• Publication date: 2017
• Submitted: April 28, 2017
• Updated: November 13, 2019
• Collected: 2011 to 2013

Notes

Rights

• info:eu-repo/semantics/openAccess
• http://creativecommons.org/publicdomain/zero/1.0 CC0 1.0

Format

electronic resource