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Replication data for: Are Information Disclosures Effective? Evidence from the Credit Card Market

Version
1
Resource Type
Dataset
Creator
  • Seira, Enrique
  • Elizondo, Alan
  • Laguna-Müggenburg, Eduardo
Publication Date
2017-02-01
Description
  • Abstract

    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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20140404 (Text)
Publications
  • Seira, Enrique, Alan Elizondo, and Eduardo Laguna-Müggenburg. “Are Information Disclosures Effective? Evidence from the Credit Card Market.” American Economic Journal: Economic Policy 9, no. 1 (February 2017): 277–307. https://doi.org/10.1257/pol.20140404.
    • ID: 10.1257/pol.20140404 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Seira, Enrique; Elizondo, Alan; Laguna-Müggenburg, Eduardo (2017): Replication data for: Are Information Disclosures Effective? Evidence from the Credit Card Market. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116510V1