Date of Award
Open Access Dissertation
Moore School of Business
Allen N. Berger
This paper shows that access to payday lending affects societal health outcomes such as opioid-related mortality. I find that states allowing payday lending experience 1.5 lives lost per 100,000 population every year, which amounts to one-third of its mean value. I interpret this result in line with the increased consumption of opioid pills after accessing to payday lending. Accordingly, the effects are more pronounced in areas with low socioeconomic status. Confounding events, time trends, or systematic differences between states allowing and prohibiting payday lending are unlikely to explain the association between payday lending access and opioid mortality. Overall, my findings suggest that household finance regulations can impact societal health.
Ma, X.(2022). Three Essays on Banking and Other Financial Institutions. (Doctoral dissertation). Retrieved from https://scholarcommons.sc.edu/etd/6763