The Tsinghua University – University of Chicago Joint Research Center for Economics, in collaboration with the Becker Friedman Institute for Economics in China (BFI-China), the National Institute for Fiscal Studies (NIFS) and School of Economics and Management (SEM) at Tsinghua University, will host a virtual seminar series to inspire research and discussion on public policy issues relating to China. Focusing on a wide range of topics in public economics, the seminar will be a premier forum for frontier economic research and dialogue on Chinese economic issues.

Join us for the next seminar featuring Dmitry Taubinsky, Assistant Professor at the University of California, Berkeley. It is often argued that people might take on too much high-cost debt because they are present focused and/or overoptimistic about how soon they will repay. Taubinsky and co-authors measure borrowers’ present focus and overoptimism using an experiment with a large payday lender, finding that in contrast to many prevailing arguments, most borrowers predict their likelihood of future borrowing correctly.


Thursday, May 27, 2021

9:00 AM–10:30 AM

Are High-Interest Loans Predatory? Theory and Evidence from Payday Lending

Dmitry TaubinskyAssistant Professor, University of California, Berkeley