Inattention and credit card repayment date

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization Pub Date : 2025-02-01 DOI:10.1016/j.jebo.2025.106906

Jiajun Jiang , Yi-Tsung Lee , Yu-Jane Liu , Juanjuan Meng

引用次数: 0

Abstract

This paper presents an analysis of how inattention affects credit card repayment dates. Data from an Asian commercial bank reveal that 70 % of repayments are made prior to the due date and 21 % are late. We show that exogenous reductions in attention levels, stemming from weekday-weekend variations in billing dates and natural disasters, amplify late repayments and diminish early repayments. We find that early repayments are not random errors, and consumers learn to pay earlier or sign up for automatic payment after historical delays. We introduce a model based on inattention and heterogeneous awareness to explain these findings.

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疏忽和信用卡还款日期

本文分析了注意力不集中对信用卡还款日期的影响。一家亚洲商业银行的数据显示，70%的还款在到期日之前完成，21%的还款逾期。我们表明，由于账单日期和自然灾害的工作日和周末的变化，注意力水平的外生降低放大了逾期还款并减少了早期还款。我们发现提前还款不是随机错误，消费者在历史延迟之后学会提前付款或注册自动还款。我们引入了一个基于注意力不集中和异质性意识的模型来解释这些发现。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Behavior & Organization ECONOMICS-

CiteScore

3.80

自引率

9.10%

发文量

392

期刊介绍： The Journal of Economic Behavior and Organization is devoted to theoretical and empirical research concerning economic decision, organization and behavior and to economic change in all its aspects. Its specific purposes are to foster an improved understanding of how human cognitive, computational and informational characteristics influence the working of economic organizations and market economies and how an economy structural features lead to various types of micro and macro behavior, to changing patterns of development and to institutional evolution. Research with these purposes that explore the interrelations of economics with other disciplines such as biology, psychology, law, anthropology, sociology and mathematics is particularly welcome.