Prevalence of High-Cost Loans among the Debts of Canadian Insolvency Filers

Saul Schwartz and Stephanie Ben-Ishai

Canadian Public Policy, 2023, vol. 49, issue 1, 62-75

Abstract: Using almost three decades of administrative matched employer-employee data from Statistics Canada's Longitudinal Worker File from 1991 to 2019, we analyze the evolution of earnings inequality between and within firms in Canada's commercial sector. An econometric model controlling for worker and firm fixed effects suggests increasing inequality which has been predominantly driven by average earnings disparities between firms and changing composition of workers between firms.

Keywords: bankruptcy and insolvency; high-cost installment loans; payday loans; consumer debt; consumer protection (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.3138/cpp.2022-057 (text/html)
access restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpp:issued:v:49:y:2023:i:1:p:62-75

Ordering information: This journal article can be ordered from
https://www.utpjournals.com/loi/cpp/

Access Statistics for this article

Canadian Public Policy is currently edited by Prof. Mike Veall

More articles in Canadian Public Policy from University of Toronto Press University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8.
Bibliographic data for series maintained by Iver Chong ( this e-mail address is bad, please contact ).