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SUMMARY:Data and Welfare in Credit Markets
DTSTART:20220401T103000
DTEND:20220401T120000
DTSTAMP:20260526T102533Z
UID:0dc691be29b60854aebbdfa81e4a23fecbd6dfe1dfc87e5687fb3e0b
CATEGORIES:Conferences - Seminars
DESCRIPTION:Constantine Yannelis\, Chicago Booth\nWe show how to measure t
 he welfare effects arising from increased data availability. When lenders 
 have more data on prospective borrower costs\, they can charge prices that
  are more aligned with these costs. This results in an increase in total s
 ocial welfare\, and a transfer of surplus from borrowers to lenders. The m
 agnitudes of the welfare changes can be estimated using only quantity data
  and variation in prices. We apply the methodology using administrative da
 ta on bankruptcy flag removals\, and find that flag removal increases the 
 surplus of previously bankrupt consumers substantially\, at the cost of de
 creasing total social welfare modestly\, suggesting that flag removals are
  a reasonably efficient tool for redistributing surplus to previously bank
 rupt borrowers.\n\nPaper
LOCATION:UniL Campus\, Extranef 126
STATUS:CONFIRMED
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