Title: Are Information Disclosures Effective? Evidence from the Credit Card Market

Type Dataset Seira, Enrique, Elizondo, Alan, Laguna-Müggenburg, Eduardo (2018): Are Information Disclosures Effective? Evidence from the Credit Card Market. Harvard Dataverse. Dataset. https://dataverse.harvard.edu/dataset.xhtml?persistentId=doi:10.7910/DVN/GRRSC7

Authors: Seira, Enrique (Instituto Tecnológico Autónomo de México) ; Elizondo, Alan (Banco de México) ; Laguna-Müggenburg, Eduardo (Stanford University) ; Seira, Enrique (Instituto Tecnológico Autónomo de México) ; Elizondo, Alan (Banco de México) ; Laguna-Müggenburg, Eduardo (Stanford University) ;

Links

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

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.

More information

• DOI: 10.7910/DVN/GRRSC7

Subjects

• Social Sciences

Dates

• Publication date: 2018
• Submitted: July 01, 2018
• Updated: April 03, 2020

Notes

Rights

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

Format

electronic resource

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