Categories
californiapaydayloanonline.com Online Payday Loan

Early Medicaid Expansion Related To Reduced Payday Borrowing In California

Early Medicaid Expansion Related To Reduced Payday Borrowing In California

  1. Heidi Allen ([email protected]) is an associate teacher in the college of Social Perform, Columbia University, in new york.
  2. Ashley Swanson is an assistant teacher of wellness care administration plus the Wharton School Senior Fellow during the Leonard Davis Institute of Health Economics, both in the University of Pennsylvania, in Philadelphia.
  3. Jialan Wang is an assistant teacher of finance at the faculty of company, University of Illinois at Urbana-Champaign.
  4. Tal Gross is an associate professor within the Department of Markets, Public Policy, and Law, Questrom class of company, Boston University, in Massachusetts.

Abstract

We examined the effect of California’s Medicaid that is early expansion the low-cost Care Act in the utilization of pay day loans, a type of high-interest borrowing employed by low- and middle-income People in america. Utilizing an information set for the time www.californiapaydayloanonline.com 2009–13 (approximately twenty-four months before and twenty-four months following the 2011–12 Medicaid expansion) that covered the universe of pay day loans from five big payday lenders with areas across the united states of america, we used a difference-in-differences research design to evaluate the consequence associated with the expansion on payday borrowing, comparing styles in early-expansion counties in Ca to those who work in counties nationwide that failed to expand early.