This research utilized a source that is novel of data on payday advances supplied to your authors by a business trade group, the Community Financial solutions Association of America (CFSA). The info set consisted of this universe of pay day loans originated by five storefront that is national lending chains with places round the nation. It included all about over ninety-three million loans, which was indeed deidentified for research purposes. For every loan, we observed the times that the mortgage ended up being made and ended up being due, the end result of this loan (for instance, a standard or belated repayment), together with ZIP rule associated with the payday lender’s storefront. The information set covered all loans from 2009 through early months of 2014. Appendix display A1 maps the states within the information set. 16

Techniques

We dedicated to the state of California, which joined into an understanding using the management of President Barack Obama for very very very early county-by-county utilization of the ACA’s Medicaid expansion last year and 2012. We learned the first expansions in Ca, because our information would not provide a adequately very long time show to examine the 2014 expansions and supplied reasonably small information regarding loans various other very early expansion states. We compared California counties that expanded Medicaid early to counties nationwide that failed to achieve this, including four Ca counties that delayed expansion.

We aggregated the CFSA information to your county-month degree, producing loan that is aggregate, default prices, along with other measures of loan volumes and results in each county and month combination. Continue reading →