The puzzle of high cost credit versus low yield savings

July 23, 2014

  A new publication by John Gathergood and Jörg Weber entitled ‘Self-Control, Financial Literacy & the Co-Holding Puzzle’ is forthcoming in the  Journal of Economic Behavior & Organization  In advance of publication, the paper is available online. Using UK survey data to analyze the puzzling co-existence of high cost revolving consumer credit alongside low yield liquid …