The Great Recession and Credit Trends across Income Groups

Gene Amromin and Leslie McGranahan

American Economic Review, 2015, vol. 105, issue 5, 147-53

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.

JEL-codes: D14 E32 E44 G21 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.p20151054
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.p20151054 (application/pdf)
https://www.aeaweb.org/aer/ds/10505/P2015_1054_ds.zip (application/zip)
https://www.aeaweb.org/aer/data/10505/P2015_1054_data.zip (application/zip)
https://www.aeaweb.org/aer/app/10505/P2015_1054_app.pdf (application/pdf)
Access to full text is restricted to AEA members and institutional 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:aea:aecrev:v:105:y:2015:i:5:p:147-53

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().