We discovered that 72% of our participants received even less relief than their total qualified debts
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Reverse causality is another prospective confound, since specific habits such as for instance danger aversion and time choices could figure out indebtedness, as opposed to the reverse. We could rule down reverse causality since the noticeable alterations in financial obligation we learned resulted from exogenously awarded credit card debt relief. Nevertheless, our estimate associated with aftereffects of debt settlement may be biased if still credit card debt relief is strongly correlated with initial debts.
To handle this, To address this show that is we the debt relief choices produced by social employees led to significant variation, to ensure that more indebted individuals would not always get more relief.