Welcome to Paige Marta Skiba and Jeremy Tobacman

Credit Slips welcomes Paige Marta Skiba, a behavioral economist who studies payday lending. She earned her Ph.D in economics from the University of California, Berkeley in 2007 and is currently an associate professor of law at Vanderbilt Law School. She'll be joined in some or all her posts by her frequent co-author, Jeremy Tobacman, who is a postdoctoral fellow in the Department of Economics at Oxford University. Their current research uses a dataset from a payday lender with two million loan records to examine questions about the profitability of payday lenders, the relationship between payday borrowing and bankruptcy, and consumer behavior in payday-loan borrowing and default. With financial distress on the rise in America, payday lending looks like a growth industry. We look forward to reading more about their findings and thank them in advance for sharing their behavioral economics perspective on consumer borrowing.