2014
DOI: 10.1007/s10603-014-9279-8
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Imperfect Recall: The Impact of Composite Spending Information Disclosure on Credit Card Spending

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Cited by 8 publications
(7 citation statements)
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“…Consumers holding more savings and investments tend to exhibit lower probability of overspending using credit cards. Some studies show that consumers tend to pay more for the same product when using credit cards than when paying with cash (Feinberg, 1986; Poddar, Ellies, & Ozcan, 2015; Prelec & Simester, 2001). Consumers may control credit overspending if they manage their investments and savings effectively.…”
Section: Results Of Multinominal Regression Analysismentioning
confidence: 99%
“…Consumers holding more savings and investments tend to exhibit lower probability of overspending using credit cards. Some studies show that consumers tend to pay more for the same product when using credit cards than when paying with cash (Feinberg, 1986; Poddar, Ellies, & Ozcan, 2015; Prelec & Simester, 2001). Consumers may control credit overspending if they manage their investments and savings effectively.…”
Section: Results Of Multinominal Regression Analysismentioning
confidence: 99%
“…A small, but growing number of quantitative and mainly register-based studies have analysed the distribution of household default debt by sociodemographic characteristics (Balmer et al 2006;Patel et al 2012;Poddar et al 2015). They show that low-income and young people often rely on high-interest loans (Kempson and Collard 2005) and that unemployment, sickness, and old age (pensioners) tend to increase the risk of problem debt (Caplovitz 1981;Hiilamo and Kangas 2013).…”
Section: Default Debt and Vulnerable Groupsmentioning
confidence: 99%
“…The design of disclosure documents is crucial also with respect to credit card since studies show that changes in the disclosure impact on borrowing behaviour (Poddar et al 2014;Soll et al 2013). The goal to protect consumers from information overload and unfair practices has recently been pursued in the USA by enhancing the disclosure of costs and penalties for credit card users through the approval of the CARD Act 2009, and, in Europe, by the EU Consumer Credit Directive that requests creditors and credit intermediaries to provide consumers with the Standard European Consumer Credit Information.…”
Section: Literature Reviewmentioning
confidence: 99%