Dr. Meta Brown, OSU, Associate Professor of Economics
Dr. Rachel Dwyer, OSU, Professor of Sociology
Dr. Stephanie Moulton, OSU, Professor of Public Affairs
Theme: TBD
Title of Talk: “Building demographic insight using new credit report panel data”
Abstract: This talk introduces a new household credit panel resource that we have built during the pandemic. The panel, developed in collaboration with Experian, represents the credit files and (some) demographic information of approximately all credit file holders in Ohio and Wisconsin, as well as a random one percent sample of the nation and their household members. Parallel projects have incorporated alternative financial services data (online, payday, and storefront loans) and state administrative employment data. In this presentation, we describe an exploration of credit sharing in the data, including authorized user accounts and co-signing. There is a steep income gradient in credit sharing, with fileholders in top income tercile neighborhoods two to three times as likely to benefit from shared credit as fileholders in the lowest income tercile neighborhoods. Prior research establishes a distinction between agents with active and inactive family financial support in their interaction with policy. We track the experiences of young adults with and without authorized user accounts (from which we infer family financial support) during the pandemic. Estimates indicate that, all else equal, young adults without AUAs move more aggressively out of (longstanding) delinquency into payment accommodations, with little change in net nonpayment. Young adults with AUAs show a considerably more muted response to pandemic stimulus and accommodations.
This event is presented in a virtual format.
A reminder that all participants need to register in order to participate in the spring seminar series. The link to the registration is here: https://osu.zoom.us/meeting/register/tJIqf-GhqDgiG9WdqaEWVPZ5HCi_u9rmSUZp
