What Influences Demand for Buy Now, Pay Later Credit?

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aut.relation.articlenumber111857
aut.relation.endpage111857
aut.relation.journalEconomics Letters
aut.relation.startpage111857
dc.contributor.authorChen, Tao
dc.contributor.authorMarshall, Ben R
dc.contributor.authorNguyen, Nhut H
dc.contributor.authorVisaltanachoti, Nuttawat
dc.date.accessioned2024-07-25T22:16:35Z
dc.date.available2024-07-25T22:16:35Z
dc.date.issued2024-07
dc.description.abstractWe investigate the determinants of demand for Buy Now, Pay Later (BNPL) credit using a comprehensive database from New Zealand. We consider both absolute demand and relative to total personal lending demand. The results indicate that BNPL is more popular with single individuals, younger people, and those on lower incomes. There is a negative relation between absolute and relative BNPL demand and interest rates. BNPL demand was reduced during the period around responsible lending legislation changes, even though these were not specifically related to BNPL, while demand increased following the end of COVID-19 lockdowns.
dc.identifier.citationEconomics Letters, ISSN: 0165-1765 (Print), Elsevier BV, 111857-111857. doi: 10.1016/j.econlet.2024.111857
dc.identifier.doi10.1016/j.econlet.2024.111857
dc.identifier.issn0165-1765
dc.identifier.urihttp://hdl.handle.net/10292/17823
dc.languageen
dc.publisherElsevier BV
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S0165176524003410
dc.rights© 2024 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
dc.rights.accessrightsOpenAccess
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subject38 Economics
dc.subject3801 Applied Economics
dc.subject14 Economics
dc.subjectEconomics
dc.subject38 Economics
dc.titleWhat Influences Demand for Buy Now, Pay Later Credit?
dc.typeJournal Article
pubs.elements-id562931
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