We exploit an alteration in lending rules to calculate the effect that is causal of access to payday advances on alcohol product sales

We exploit an alteration in lending rules to calculate the effect that is causal of access to payday advances on alcohol product sales “Leveraging lender- and alcohol store-level data, we realize that the changes reduce sales, aided by the biggest decreases at shops positioned nearest to loan providers. By emphasizing states with state-run alcohol monopolies, […]