全球智库信息集成服务系统(G2TT): Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w17028
来源ID	Working Paper 17028
	Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees
	Victor Stango; Jonathan Zinman
发表日期	2011-05-05
出版年	2011
语种	英语
摘要	We explore dynamics of limited attention in the $35 billion market for checking overdrafts, using survey content as shocks to the salience of overdraft fees. Conditional on selection into surveys, individuals who face overdraft-related questions are less likely to incur a fee in the survey month. Taking multiple overdraft surveys builds a "stock" of attention that reduces overdrafts for up to two years. The effects are significant among consumers with lower education and financial literacy. Individuals avoid overdrafts by making fewer low-balance debit transactions and cancelling automatic recurring withdrawals. The results raise new questions about consumer financial protection policy.
主题	Microeconomics ; Households and Firms ; Financial Economics ; Financial Markets ; Financial Institutions
URL	https://www.nber.org/papers/w17028
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/574702
推荐引用方式 GB/T 7714	Victor Stango,Jonathan Zinman. Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees. 2011.