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| 02669nam 2200421zi 4500 |
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| 001 | 9.932289 |
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| 003 | CaOODSP |
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| 005 | 20240112152951 |
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| 006 | m o d f |
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| 007 | cr mn||||||||| |
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| 008 | 240110t20242024oncab ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 043 | |an-us--- |
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| 086 | 1 |aFB3-5/2024-1E-PDF |
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| 100 | 1 |aXie, Shihan, |eauthor. |
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| 245 | 10|aExtreme weather and low-income household finance : |bevidence from payday loans / |cby Shihan Xie, Victoria Wenxin Xie and Xu Zhang. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024. |
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| 264 | 4|c©2024 |
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| 300 | |a1 online resource (ii, 40, 18 pages) : |bcolour illustrations, colour maps. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-1 |
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| 500 | |aISSN assigned to different series. |
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| 500 | |a"Last updated: January 8, 2024." |
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| 504 | |aIncludes bibliographical references (pages 24-27). |
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| 520 | 3 |a"This paper explores the impact of extreme weather exposures on the financial outcomes of low-income households. Using a novel dataset comprising individual-level payday loan applications and loan-level information, we find that extreme temperature days—both hot and cold—lead to surges in demand for payday loans. An increase in the number of days with extreme heat results in an increase in delinquency and default rates and a reduction of total credit issued, indicating a contraction in loan supply. These effects are especially noticeable for online payday loans. Our findings highlight the heightened financial vulnerability of low-income households to environmental shocks and underscore the need for targeted policies"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aClimatic changes|xEconomic aspects|zUnited States|xEconometric models. |
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| 650 | 0|aPoor|zUnited States|xEconomic conditions|xEconometric models. |
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| 650 | 0|aPayday loans|zUnited States|xEconometric models. |
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| 650 | 6|aClimat|xChangements|xAspect économique|zÉtats-Unis|xModèles économétriques. |
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| 650 | 6|aPauvres|zÉtats-Unis|xConditions économiques|xModèles économétriques. |
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| 650 | 6|aPrêts sur salaire|zÉtats-Unis|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2024-1.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s2.06 MB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-1-eng.pdf |
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