{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/144699"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/144699","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"Tornado in Credit Desert: Role of Consumer Credit Access in Disaster Recovery","abstract":"I study the effect of credit access restrictions on post-disaster financial outcomes of subprime consumers in Arkansas, a state with the lowest usury cap of 17 percent. Due to the restrictive cap, neither payday nor consumer finance companies operate in Arkansas, while they do in all six neighboring states. Using the difference-in-difference approach, I find that borrowers in border zip codes are less likely to be delinquent on mortgage debt, and have a lower drop in credit score in the post-disaster period in comparison with borrowers in center zip codes. The result is consistent with the adverse effects of credit rationing followed by consumer protection law.","abstract_html":"I study the effect of credit access restrictions on post-disaster financial outcomes of subprime consumers in Arkansas, a state with the lowest usury cap of 17 percent. Due to the restrictive cap, neither payday nor consumer finance companies operate in Arkansas, while they do in all six neighboring states. Using the difference-in-difference approach, I find that borrowers in border zip codes are less likely to be delinquent on mortgage debt, and have a lower drop in credit score in the post-disaster period in comparison with borrowers in center zip codes. The result is consistent with the adverse effects of credit rationing followed by consumer protection law.","abstract_has_math":false,"creators":["Tiurina, Mariia"],"institution":"Massachusetts Institute of Technology","degree_name":"Master","degree_level":null,"degree_discipline":null,"degree_department":"Sloan School of Management","school":null,"contributors":[],"advisors":["Palmer, Christopher"],"committee_chairs":[],"committee_members":[],"year":2022,"date_issued":"2022-05","date_published":"2022-05","updated_at":"2026-07-22T22:21:54Z","subjects":[],"languages":[],"rights":["In Copyright - Educational Use Permitted","Copyright MIT"],"rights_urls":["http://rightsstatements.org/page/InC-EDU/1.0/"],"identifier_entries":[]},"links":{"outbound_url":"https://hdl.handle.net/1721.1/144699","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Palmer, Christopher"]},{"key":"dc:contributor.department","label":"Department","values":["Sloan School of Management"]},{"key":"dc:creator","label":"Author","values":["Tiurina, Mariia"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2022-08-29T16:05:37Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2022-08-29T16:05:37Z"]},{"key":"dc:date.issued","label":"Date","values":["2022-05"]},{"key":"dc:publisher","label":"Institution","values":["Massachusetts Institute of Technology"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Master","Master of Science in Management Research"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:rights","label":"Dc Rights","values":["In Copyright - Educational Use Permitted","Copyright MIT"]},{"key":"dc:rights.uri","label":"Rights URI","values":["http://rightsstatements.org/page/InC-EDU/1.0/"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://hdl.handle.net/1721.1/144699"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["I study the effect of credit access restrictions on post-disaster financial outcomes of subprime consumers in Arkansas, a state with the lowest usury cap of 17 percent. Due to the restrictive cap, neither payday nor consumer finance companies operate in Arkansas, while they do in all six neighboring states. Using the difference-in-difference approach, I find that borrowers in border zip codes are less likely to be delinquent on mortgage debt, and have a lower drop in credit score in the post-disaster period in comparison with borrowers in center zip codes. The result is consistent with the adverse effects of credit rationing followed by consumer protection law."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["S.M."]},{"key":"dc:title","label":"Title","values":["Tornado in Credit Desert: Role of Consumer Credit Access in Disaster Recovery"]}]}],"canonical_facts":{"dc:contributor.advisor":["Palmer, Christopher"],"dc:contributor.department":["Sloan School of Management"],"dc:creator":["Tiurina, Mariia"],"dc:date.accessioned":["2022-08-29T16:05:37Z"],"dc:date.available":["2022-08-29T16:05:37Z"],"dc:date.issued":["2022-05"],"dc:description.abstract":["I study the effect of credit access restrictions on post-disaster financial outcomes of subprime consumers in Arkansas, a state with the lowest usury cap of 17 percent. Due to the restrictive cap, neither payday nor consumer finance companies operate in Arkansas, while they do in all six neighboring states. Using the difference-in-difference approach, I find that borrowers in border zip codes are less likely to be delinquent on mortgage debt, and have a lower drop in credit score in the post-disaster period in comparison with borrowers in center zip codes. The result is consistent with the adverse effects of credit rationing followed by consumer protection law."],"dc:description.degree":["S.M."],"dc:identifier.uri":["https://hdl.handle.net/1721.1/144699"],"dc:publisher":["Massachusetts Institute of Technology"],"dc:rights":["In Copyright - Educational Use Permitted","Copyright MIT"],"dc:rights.uri":["http://rightsstatements.org/page/InC-EDU/1.0/"],"dc:title":["Tornado in Credit Desert: Role of Consumer Credit Access in Disaster Recovery"],"dc:type":["Thesis"],"thesis:degree_name":["Master","Master of Science in Management Research"]},"updated_at":"2026-07-22T22:21:54Z"}