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Elin Molin

@elinmolin.bsky.social

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Elin Molin @elinmolin.bsky.social · 8mo ago

New VoxEU column from my job market paper, co-authored with @kmajlesi.bsky.social and @pauroth.bsky.social

VoxEU @ CEPR@voxeu.org · 8mo ago

Households can face serious financial consequences from a spouse's illness or death even in a comprehensive welfare state like Sweden. Renters and low-wealth households are hit the hardest. @kmajlesi.bsky.social @elinmolin.bsky.social @pauroth.bsky.social cepr.org/voxeu/column... #EconSky

This figure presents estimates of the effect of a fatal health shock on adult children, by the homeownership status and income loss of the surviving parent. Panels A–D correspond to children of renters or homeowners, further distinguished by whether the deceased parent was the primary earner (smaller income loss) or the secondary earner (larger income loss). Effects on debt collection, social benefits, and labour income are estimated with 95% confidence intervals using the Callaway–Sant’Anna (2021) difference-in-differences method, controlling for 10-year age bins of the children. The reported coefficients are expressed as percentage impacts relative to the mean outcome one year prior to the event. Standard errors are clustered at the parent level.

While many advanced economies shield their citizens from the most severe direct medical costs of illness, less is known about how households cope with income losses from a serious health event. This column shows that the financial consequences of a spouse’s illness or death can be severe, even in a comprehensive welfare state like Sweden. Defaults on unpaid debts, bills, and other financial commitments rise sharply after such shocks, with renters and low-wealth households hit the hardest. Both income and wealth access need to be considered to strengthen households’ financial resilience.

Elin Molin @elinmolin.bsky.social · last yr.

Läs gärna DN Debatt idag om rapporten jag och Paula Roth har skrivit – om överskuldsättning och behovet av en effektivare skuldsanering.

Elinor Odeberg@elinorodeberg.bsky.social · last yr.

Trots växande överskuldsättning och bristande kreditprövning minskar antalet som beviljas skuldsanering, med stora personliga och samhällsekonomiska kostnader som följd. Hög tid för en modern skuldsaneringspolitik. Läs mer i artikeln som baseras på vår senaste rapport. 👉 www.dn.se/debatt/behan...

Elin Molin @elinmolin.bsky.social · last yr.

Excited to share our latest research on VoxEU! Together with @claudenbach.bsky.social, @kasperroszbach.bsky.social and #talinasondershaus, we explore how 'Buy Now, Pay Later' (BNPL) services improve credit access and risk assessments in consumer banking.

VoxEU @ CEPR@voxeu.org · last yr.

'Buy now, pay later' services have the potential to enhance #credit access, improve #lending decisions, and promote financial inclusion for underserved consumers. @claudenbach.bsky.social, @elinmolin.bsky.social, @kasperroszbach.bsky.social, Talina Sondershaus cepr.org/voxeu/column... #EconSky

Though ‘buy now, pay later’ loans are increasingly popular, critics argue that they encourage high costs and unsound borrowing. This column examines how such services inﬂuence conventional bank credit markets. Using loan-application data from a Nordic bank that also provides both traditional consumer loans and ‘buy now, pay later’ – allowing applicants’ creditworthiness to be assessed in the light of more comprehensive transaction data – the authors find that ‘buy now, pay later’ beneﬁts both lenders and borrowers. It enhances risk assessment, fosters learning, and promotes ﬁnancial inclusion by improving credit access and outcomes for higher-risk borrowers and underserved consumers.

Kasper Roszbach @kasperroszbach.bsky.social · last yr.

In a new paper, @claudenbach.bsky.social, @elinmolin.bsky.social, #talinasondershaus and I show that Buy Now, Pay Later (BNPL) isn’t just changing how people shop—it has spillovers to mainstream bank lending because of proprietary data BNPL lenders hold. www.norges-bank.no/en/news-even...

Buy Now Pay (Less) Later: Leveraging Private BNPL Data in Consumer Banking

norges-bank.no