Construct · 1 fields · 1 citations

payday lending: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
paydaylending1 CONSTRUCTPayday lendingMELZER · ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Economics

small, short-term, high-interest loans against a borrower's next paycheck.

In economics, payday lending refers to small, short-term, high-interest loans against the next paycheck; Melzer finds they can worsen hardship. This meaning comes from Melzer (2011) in The Quarterly Journal of Economics.[1]

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Nearby constructs

payday loan disclosure1 fields · 1 citationsanchor · a standalone construct

References

  1. Melzer, B. T. (2011). The Real Costs of Credit Access: Evidence from the Payday Lending Market. The Quarterly Journal of Economics, 126(1), 517-555. https://doi.org/10.1093/qje/qjq009

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