Essays on Household Finance, FinTech, and Entrepreneurship
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Zhang, Yafei
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Abstract
This dissertation consists of five essays that examine the intersection of household finance, FinTech, and entrepreneurship, leveraging comprehensive credit bureau data and novel empirical strategies. The first essay investigates the impact of banks' cloud technology adoption on credit card management and borrower outcomes, highlighting differential effects across credit segments. The second essay compares the long-term borrowing capacities and outcomes of marketplace lending (MPL) borrowers to those of traditional bank borrowers, emphasizing the limitations of data-driven lending models in mitigating information frictions. The third essay documents significant gender-based sorting across credit card products and its implications for gender gaps in borrowing capacities and consumption smoothing. The fourth essay studies the impact of the federal student loan forbearance program on distressed borrowers' debt accumulation and delinquency patterns, suggesting that extended forbearance may accelerate financial distress. The final essay examines the negative long-term consequences of entrepreneurship on entrepreneurs' personal credit, highlighting the role of increased personal borrowing and the potential costs of business-friendly policies.
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Date
2024-07-27
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Text
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Dissertation