Document Type

Lecture

Publication Date

9-18-2019

Publisher

Brookings Mountain West

Abstract

As part of the Brookings Scholar Lecture Series, Brookings Mountain West presents a lecture titled "Payday Lenders and Credit Cards: A Hidden Driver of Income Inequality" by Brookings Fellow in Economic Studies, Aaron Klein. This lecture examines how, for millions of working families, America’s slow payment system costs billions of dollars. The system needs technological innovation, but incumbency, economies of scale, and government may counter technological advancement. This lecture explores if the U.S. remains the dominant global standards setter for payment instruments.

Keywords

Economics; Credit; Credit cards; Income inequality

Disciplines

Economics | Finance

File Format

pdf

File Size

932 Kb

Streaming Media

Language

English

Comments

This event was held at the University of Nevada, Las Vegas in the Greenspun Hall Auditorium on Wednesday, September 18, 2019 at 6 p.m.

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Finance Commons

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