Financial Consequences of Identity Theft
Author
Abstract
Suggested Citation
DOI: 10.21799/frbp.wp.2020.33
Note: Supersedes Working Paper 19-02
Download full text from publisher
References listed on IDEAS
- Victor Stango & Jonathan Zinman, 2014.
"Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees,"
The Review of Financial Studies, Society for Financial Studies, vol. 27(4), pages 990-1030.
- Victor Stango & Jonathan Zinman, 2011. "Limited and varying consumer attention: evidence from shocks to the salience of bank overdraft fees," Working Papers 11-17, Federal Reserve Bank of Philadelphia.
- Victor Stango & Jonathan Zinman, 2011. "Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees," NBER Working Papers 17028, National Bureau of Economic Research, Inc.
- Xavier Gabaix & David Laibson & Guillermo Moloche & Stephen Weinberg, 2006. "Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model," American Economic Review, American Economic Association, vol. 96(4), pages 1043-1068, September.
- Agrawal, Anup & Jaffe, Jeffrey F & Karpoff, Jonathan M, 1999. "Management Turnover and Governance Changes following the Revelation of Fraud," Journal of Law and Economics, University of Chicago Press, vol. 42(1), pages 309-342, April.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- David K. Musto, 2004. "What Happens When Information Leaves a Market? Evidence from Postbankruptcy Consumers," The Journal of Business, University of Chicago Press, vol. 77(4), pages 725-748, October.
- Tal Gross & Matthew J. Notowidigdo & Jialan Wang, 2020.
"The Marginal Propensity to Consume over the Business Cycle,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 12(2), pages 351-384, April.
- Tal Gross & Matthew J. Notowidigdo & Jialan Wang, 2016. "The Marginal Propensity to Consume Over the Business Cycle," NBER Working Papers 22518, National Bureau of Economic Research, Inc.
- Kosse, Anneke, 2013.
"Do newspaper articles on card fraud affect debit card usage?,"
Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5382-5391.
- Kosse, Anneke, 2011. "Do newspaper articles on card fraud affect debit card usage?," Working Paper Series 1389, European Central Bank.
- Julia S. Cheney & Robert M. Hunt & Vyacheslav Mikhed & Dubravka Ritter & Michael Vogan, 2014. "Consumer use of fraud alerts and credit freezes: an empirical analysis," Consumer Finance Institute discussion papers 14-4, Federal Reserve Bank of Philadelphia.
- Julia S. Cheney & Robert M. Hunt & Katy Jacob & Richard D. Porter & Bruce J. Summers, 2012.
"The efficiency and integrity of payment card systems: industry views on the risks posed by data breaches,"
Economic Perspectives, Federal Reserve Bank of Chicago, vol. 36(Q IV), pages 130-146.
- Julia S. Cheney & Robert M. Hunt & Katy Jacob & Richard D. Porter & Bruce J. Summers, 2012. "The efficiency and integrity of payment card systems: industry views on the risks posed by data breaches," Consumer Finance Institute discussion papers 12-04, Federal Reserve Bank of Philadelphia.
- David Hirshleifer & Sonya Seongyeon Lim & Siew Hong Teoh, 2009.
"Driven to Distraction: Extraneous Events and Underreaction to Earnings News,"
Journal of Finance, American Finance Association, vol. 64(5), pages 2289-2325, October.
- Hirshleifer, David & Lim, Sonya Seongyeon & Teoh, Siew Hong, 2006. "Driven to distraction: Extraneous events and underreaction to earnings news," MPRA Paper 3110, University Library of Munich, Germany, revised 16 Apr 2007.
- Nicola Lacetera & Devin G. Pope & Justin R. Sydnor, 2012.
"Heuristic Thinking and Limited Attention in the Car Market,"
American Economic Review, American Economic Association, vol. 102(5), pages 2206-2236, August.
- Justin R. Sydnor & Devin G. Pope & Nicola Lacetera, 2011. "Heuristic Thinking and Limited Attention in the Car Market," 2011 Meeting Papers 105, Society for Economic Dynamics.
- Nicola Lacetera & Devin G. Pope & Justin R. Sydnor, 2011. "Heuristic Thinking and Limited Attention in the Car Market," NBER Working Papers 17030, National Bureau of Economic Research, Inc.
- David B. Gross, 2002.
"An Empirical Analysis of Personal Bankruptcy and Delinquency,"
The Review of Financial Studies, Society for Financial Studies, vol. 15(1), pages 319-347, March.
- David B. Gross & Nicholas S. Souleles, 1999. "An Empirical Analysis of Personal Bankruptcy and Delinquency," Center for Financial Institutions Working Papers 98-28, Wharton School Center for Financial Institutions, University of Pennsylvania.
- David B. Gross & Nicholas S. Souleles, 2001. "An Empirical Analysis of Personal Bankruptcy and Delinquency," NBER Working Papers 8409, National Bureau of Economic Research, Inc.
- Tomasz Piskorski & Amit Seru & James Witkin, 2015.
"Asset Quality Misrepresentation by Financial Intermediaries: Evidence from the RMBS Market,"
Journal of Finance, American Finance Association, vol. 70(6), pages 2635-2678, December.
- Tomasz Piskorski & Amit Seru & James Witkin, 2013. "Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market," NBER Working Papers 18843, National Bureau of Economic Research, Inc.
- Michael D. Grubb, 2015.
"Consumer Inattention and Bill-Shock Regulation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(1), pages 219-257.
- Michael D. Grubb, 2012. "Consumer Inattention and Bill-Shock Regulation," Boston College Working Papers in Economics 828, Boston College Department of Economics.
- Umit G Gurun & Noah Stoffman & Scott E Yonker, 2018. "Trust Busting: The Effect of Fraud on Investor Behavior," The Review of Financial Studies, Society for Financial Studies, vol. 31(4), pages 1341-1376.
- Dimmock, Stephen G. & Gerken, William C., 2012.
"Predicting fraud by investment managers,"
Journal of Financial Economics, Elsevier, vol. 105(1), pages 153-173.
- Wil liam C. Gerken & Stephen G. Dimmock, 2011. "Predicting Fraud by Investment Managers," NFI Working Papers 2011-WP-09, Indiana State University, Scott College of Business, Networks Financial Institute.
- Brad M. Barber & Terrance Odean, 2008. "All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors," The Review of Financial Studies, Society for Financial Studies, vol. 21(2), pages 785-818, April.
- Julia S. Cheney, 2003. "Identity theft: a pernicious and costly fraud," Consumer Finance Institute discussion papers 03-18, Federal Reserve Bank of Philadelphia.
- Justin Gallagher, 2014. "Learning about an Infrequent Event: Evidence from Flood Insurance Take-Up in the United States," American Economic Journal: Applied Economics, American Economic Association, vol. 6(3), pages 206-233, July.
- Robert M. Hunt & Keith Wardrip, 2013. "Residential Migration, Entry, and Exit as Seen Through the Lens of Credit Bureau Data," Consumer Finance Institute discussion papers 13-4, Federal Reserve Bank of Philadelphia.
- Donghoon Lee & Wilbert Van der Klaauw, 2010. "An introduction to the FRBNY Consumer Credit Panel," Staff Reports 479, Federal Reserve Bank of New York.
- Stephen G. Dimmock & William C. Gerken & Nathaniel P. Graham, 2018. "Is Fraud Contagious? Coworker Influence on Misconduct by Financial Advisors," Journal of Finance, American Finance Association, vol. 73(3), pages 1417-1450, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Nathan Blascak & Julia S. Cheney & Robert M. Hunt & Vyacheslav Mikhed & Dubravka Ritter & Michael Vogan, 2021. "Financial Consequences of Severe Identity Theft in the U.S," Working Papers 21-41, Federal Reserve Bank of Philadelphia.
- Julia S. Cheney & Robert M. Hunt & Vyacheslav Mikhed & Dubravka Ritter & Michael Vogan, 2014.
"Identity theft as a teachable moment,"
Working Papers
14-28, Federal Reserve Bank of Philadelphia.
- Nathan Blascak & Julia S. Cheney & Robert M. Hunt & Vyacheslav Mikhed & Dubravka Ritter & Michael Vogan, 2016. "Identity Theft As A Teachable Moment," Working Papers 16-27, Federal Reserve Bank of Philadelphia.
- Mikhed, Vyacheslav & Vogan, Michael, 2018. "How data breaches affect consumer credit," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 192-207.
- Vyacheslav Mikhed & Michael Vogan, 2017. "How Data Breaches Affect Consumer Credit," Working Papers 17-6, Federal Reserve Bank of Philadelphia.
- Kaufmann, Cornel & Müller, Tobias & Hefti, Andreas & Boes, Stefan, 2018.
"Does personalized information improve health plan choices when individuals are distracted?,"
Journal of Economic Behavior & Organization, Elsevier, vol. 149(C), pages 197-214.
- Cornel Kaufmann & Tobias Mueller & Andreas Hefti & Stefan Boes, 2018. "Does personalized information improve health plan choices when individuals are distracted?," Diskussionsschriften dp1808, Universitaet Bern, Departement Volkswirtschaft.
- Dewan, Ambuj & Neligh, Nathaniel, 2020. "Estimating information cost functions in models of rational inattention," Journal of Economic Theory, Elsevier, vol. 187(C).
- Vyacheslav Mikhed & Michael Vogan, 2015. "Out of sight, out of mind: consumer reaction to news on data breaches and identity theft," Working Papers 15-42, Federal Reserve Bank of Philadelphia.
- Abeler, Johannes & Huffman, David B. & Raymond, Collin, 2023. "Incentive Complexity, Bounded Rationality and Effort Provision," IZA Discussion Papers 16284, Institute of Labor Economics (IZA).
- Johannes Abeler & David Huffman & Colin Raymond, 2023.
"Incentive Complexity, Bounded Rationality and Effort Provision,"
Economics Series Working Papers
1012, University of Oxford, Department of Economics.
- Johannes Abeler & David Huffman & Collin Raymond & David B. Huffman, 2023. "Incentive Complexity, Bounded Rationality and Effort Provision," CESifo Working Paper Series 10541, CESifo.
- Umar, Tarik, 2022. "Complexity aversion when SeekingAlpha," Journal of Accounting and Economics, Elsevier, vol. 73(2).
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Will Dobbie & Paul Goldsmith‐Pinkham & Neale Mahoney & Jae Song, 2020.
"Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports,"
Journal of Finance, American Finance Association, vol. 75(5), pages 2377-2419, October.
- Will Dobbie & Paul Goldsmith-Pinkham & Neale Mahoney & Jae Song, 2016. "Bad credit, no problem? Credit and labor market consequences of bad credit reports," Staff Reports 795, Federal Reserve Bank of New York.
- Will Dobbie & Paul Goldsmith-Pinkham & Neale Mahoney & Jae Song, 2016. "Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports," Working Papers 605, Princeton University, Department of Economics, Industrial Relations Section..
- Will Dobbie & Paul Goldsmith-Pinkham & Neale Mahoney & Jae Song, 2016. "Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports," NBER Working Papers 22711, National Bureau of Economic Research, Inc.
- Reto Foellmi & Stefan Legge & Lukas Schmid, 2016.
"Do Professionals Get It Right? Limited Attention and Risk‐taking Behaviour,"
Economic Journal, Royal Economic Society, vol. 0(592), pages 724-755, May.
- Foellmi, Reto & Legge, Stefan & Schmid, Lukas, 2015. "Do Professionals Get It Right? Limited Attention and Risk-Taking Behavior," Economics Working Paper Series 1511, University of St. Gallen, School of Economics and Political Science.
- Peter Koudijs & Laura Salisbury & Gurpal Sran, 2021. "For Richer, for Poorer: Bankers' Liability and Bank Risk in New England, 1867 to 1880," Journal of Finance, American Finance Association, vol. 76(3), pages 1541-1599, June.
- Ajzenman, Nicolás & Elacqua, Gregory & Marotta, Luana & Westh Olsen, Anne Sofie, 2021.
"Order Effects and Employment Decisions: Experimental Evidence from a Nationwide Program,"
IDB Publications (Working Papers)
11541, Inter-American Development Bank.
- Ajzenman, Nicolas & Elacqua, Gregory & Marotta, Luana & Olsen, Anne Sofie, 2021. "Order Effects and Employment Decisions: Experimental Evidence from a Nationwide Program," IZA Discussion Papers 14690, Institute of Labor Economics (IZA).
- Hyungsuk Byun & Barry Scholnick, 2017. "Spatial Commitment Devices and Addictive Goods: Evidence from the Removal of Slot Machines from Bars," Working Papers 17-34, Federal Reserve Bank of Philadelphia.
- Kronlund, Mathias & Pool, Veronika K. & Sialm, Clemens & Stefanescu, Irina, 2021.
"Out of sight no more? The effect of fee disclosures on 401(k) investment allocations,"
Journal of Financial Economics, Elsevier, vol. 141(2), pages 644-668.
- Mathias Kronlund & Veronika K. Pool & Clemens Sialm & Irina Stefanescu, 2020. "Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations," NBER Working Papers 27573, National Bureau of Economic Research, Inc.
- Mathias Kronlund & Veronika K. Pool & Clemens Sialm & Irina Stefanescu, 2020. "Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations," Finance and Economics Discussion Series 2020-078, Board of Governors of the Federal Reserve System (U.S.).
- Zemin (Zachary) Zhong, 2022. "Chasing Diamonds and Crowns: Consumer Limited Attention and Seller Response," Management Science, INFORMS, vol. 68(6), pages 4380-4397, June.
- Todd, Annika & Cappers, Peter & Spurlock, C. Anna & Jin, Ling, 2019. "Spillover as a cause of bias in baseline evaluation methods for demand response programs," Applied Energy, Elsevier, vol. 250(C), pages 344-357.
- Birru, Justin & Chague, Fernando & De-Losso, Rodrigo & Giovannetti, Bruno, 2019.
"Attention and Biases: Evidence from Tax-Inattentive Investors,"
Working Paper Series
2019-22, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Birru, Justin & Chague, Fernando & De-Losso, Rodrigo & Giovannetti, Bruno Cara, 2020. "Attention and biases: evidence from tax-inattentive investors," Textos para discussão 523, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
- Justin Birru & Fernando Chague, Rodrigo De-Losso, Bruno Giovannetti, 2019. "Attention and Biases: Evidence from Tax-Inattentive Investors," Working Papers, Department of Economics 2019_48, University of São Paulo (FEA-USP).
More about this item
Keywords
identity theft; fraud alert; consumer credit; credit performance; limited attention;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D18 - Microeconomics - - Household Behavior - - - Consumer Protection
- G5 - Financial Economics - - Household Finance
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2020-08-31 (Banking)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedpwp:88554. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Beth Paul (email available below). General contact details of provider: https://edirc.repec.org/data/frbphus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.