Federal Dposit InsuranceCorporation• Center for Financial Researchh
Sanjiv R. Das
Darrell Duffie
Nikunj Kapadia
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
FDIC Center for Financial Research
Working Paper
No. 2008-10
The Impact of Wealth on Inattention:
Evidence from Credit Card Repayments
May 2008
Empirical Comparisons and Implied Recovery Rates
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An Empirical
An Empirical Analysis
State-
Efraim Benmel Efraim Benmelech May, 2005
June 20
May , 2005 Asset S2005-14
September 2005
Sanjiv R. Das
Darrell Duffie
Nikunj Kapadia
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
FDIC Center for Financial Research
Working Paper
No. 2008-10
The Impact of Wealth on Inattention:
Evidence from Credit Card Repayments
May 2008
Empirical Comparisons and Implied Recovery Rates
kkk
An Empirical
An Empirical Analysis
State-
Efraim Benmel Efraim Benmelech May, 2005
June 20
May , 2005 Asset S2005-14
September 2005
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The Impact of Wealth on Inattention:
Evidence from Credit Card Repayments
Barry Scholnick*
School of Business, University of Alberta, Edmonton, Canada
Barry.Scholnick@ualberta.ca
Nadia Massoud
Schulich School of Business, York University, Toronto, Canada
nmassoud@schulich.yorku.ca
Anthony Saunders
Stern School of Business, New York University, NY, NY
asaunder@stern.nyu.edu
July 2008
*Corresponding Author.
This paper was previously titled “Who Makes Credit Card Mistakes?”. We thank an anonymous
Canadian Financial Institution for providing us with their confidential consumer level credit card
database. We also thank Ken Barrie of Wayto Consulting Inc. for Geographic Information
System data matching of individual residences to postal codes, Bill Elliot for providing residential
land title registry data and Chuck Humphrey and Kathy West for post code level Canadian census
data. David Hou and Saif Ullah provided outstanding research assistance. We thank Nick
Souleles, John Driscoll, Souphala Chomsisengphet, Irina Telyukova, Rasmus Fatum, Pavel
Vacek and seminar participants at the American Economic Association, Philadelphia Federal
Reserve, Atlanta Federal Reserve and the Federal Deposit Insurance Corporation, for comments.
Financial assistance for this project was provided by the Social Sciences and Humanities
Research Council of Canada (SSHRC), the Eric Geddes Professorship at the School of Business,
University of Alberta (Scholnick), and the Federal Deposit Insurance Corporation.
Evidence from Credit Card Repayments
Barry Scholnick*
School of Business, University of Alberta, Edmonton, Canada
Barry.Scholnick@ualberta.ca
Nadia Massoud
Schulich School of Business, York University, Toronto, Canada
nmassoud@schulich.yorku.ca
Anthony Saunders
Stern School of Business, New York University, NY, NY
asaunder@stern.nyu.edu
July 2008
*Corresponding Author.
This paper was previously titled “Who Makes Credit Card Mistakes?”. We thank an anonymous
Canadian Financial Institution for providing us with their confidential consumer level credit card
database. We also thank Ken Barrie of Wayto Consulting Inc. for Geographic Information
System data matching of individual residences to postal codes, Bill Elliot for providing residential
land title registry data and Chuck Humphrey and Kathy West for post code level Canadian census
data. David Hou and Saif Ullah provided outstanding research assistance. We thank Nick
Souleles, John Driscoll, Souphala Chomsisengphet, Irina Telyukova, Rasmus Fatum, Pavel
Vacek and seminar participants at the American Economic Association, Philadelphia Federal
Reserve, Atlanta Federal Reserve and the Federal Deposit Insurance Corporation, for comments.
Financial assistance for this project was provided by the Social Sciences and Humanities
Research Council of Canada (SSHRC), the Eric Geddes Professorship at the School of Business,
University of Alberta (Scholnick), and the Federal Deposit Insurance Corporation.