Professor JOHN GATHERGOOD's Outputs (27)

How do payday loans affect borrowers?: evidence from the UK market (2018)
Journal Article
Gathergood, J., Guttman-Kenney, B., & Hunt, S. (2019). How do payday loans affect borrowers?: evidence from the UK market. Review of Financial Studies, 32(2), 496–523. https://doi.org/10.1093/rfs/hhy090

Payday loans are controversial high cost, short-term lending products, banned in many US states. But debates surrounding their benefits to consumers continue. We analyse the effects of payday loans on consumers using a unique dataset including 99% of... Read More about How do payday loans affect borrowers?: evidence from the UK market.

House prices, wealth effects and labour supply (2017)
Journal Article
Disney, R., & Gathergood, J. (2018). House prices, wealth effects and labour supply. Economica, 85(339), 449-478. https://doi.org/10.1111/ecca.12253

We examine the impact of house prices on labour supply decisions using UK micro data. We combine household survey data with local level house price measures and controls for local labour demand. Our micro data also allows us to control for individual... Read More about House prices, wealth effects and labour supply.

Financial literacy: a barrier to home ownership for the young? (2017)
Journal Article
Gathergood, J., & Weber, J. (in press). Financial literacy: a barrier to home ownership for the young?. Journal of Urban Economics, 99, https://doi.org/10.1016/j.jue.2017.02.001

The decision to buy a home is one of the most important choices faced by a household. Most young households who purchase a home do so using a mortgage. But mortgages are complex financial instruments and this complexity may be a barrier to less sophi... Read More about Financial literacy: a barrier to home ownership for the young?.

Financial literacy, present bias and alternative mortgage products (2017)
Journal Article
Gathergood, J., & Weber, J. (2017). Financial literacy, present bias and alternative mortgage products. Journal of Banking and Finance, 78, 58-83. https://doi.org/10.1016/j.jbankfin.2017.01.022

Choosing a mortgage is one of the most important financial decisions made by a household. Financial innovation has given rise to more complex mortgage products with back-loaded payments, known as ‘Alternative Mortgage Products’ (AMPs), or ‘Interest-O... Read More about Financial literacy, present bias and alternative mortgage products.

Do wealth shocks affect health? New evidence from the housing boom (2016)
Journal Article
Fichera, E., & Gathergood, J. (in press). Do wealth shocks affect health? New evidence from the housing boom. Health Economics, 25(S2), https://doi.org/10.1002/hec.3431

We exploit wealth shocks arising from housing wealth gains to examine the relationship between wealth and health. In UK household panel data positive housing wealth gains lower the likelihood of home owners exhibiting a range of non-chronic health co... Read More about Do wealth shocks affect health? New evidence from the housing boom.

Credit counseling: a substitute for consumer financial literacy? (2015)
Journal Article
Disney, R., Gathergood, J., & Weber, J. (2015). Credit counseling: a substitute for consumer financial literacy?. Journal of Pension Economics and Finance, 14(4), https://doi.org/10.1017/S1474747215000219

Is financial literacy a substitute or complement for financial advice? We analyze the decision by consumers to seek financial advice in the form of credit counseling. Credit counseling is an important component of the consumer credit sector for consu... Read More about Credit counseling: a substitute for consumer financial literacy?.

Self-control, financial literacy & the co-holding puzzle (2014)
Journal Article
Gathergood, J., & Weber, J. (2014). Self-control, financial literacy & the co-holding puzzle. Journal of Economic Behavior and Organization, 107, https://doi.org/10.1016/j.jebo.2014.04.018

We use UK survey data to analyze the puzzling co-existence of high cost revolving consumer credit alongside low yield liquid savings in household balance sheets, which we name the ‘co-holding puzzle'. Approximately 12% of households in our sample co-... Read More about Self-control, financial literacy & the co-holding puzzle.