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Andrea Presbitero on Rewards Cards and Wealth Inequality

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Manage episode 376359778 series 181616
Content provided by IMF Podcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IMF Podcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Credit cards that offer rewards like travel discounts seem a good idea, but rewards cards can be costly for anyone who keeps a running balance. So should there be rules around who gets one? IMF economist Andrea Presbitero is coauthor of a study that looks at the distributional impact of rewards cards. In this podcast, Presbitero says while the high interest rates and penalties associated with these cards can widen wealth inequality, limiting access is not the answer. Transcript: https://bit.ly/3r5fzwY

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647 episodes

Artwork
iconShare
 
Manage episode 376359778 series 181616
Content provided by IMF Podcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IMF Podcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Credit cards that offer rewards like travel discounts seem a good idea, but rewards cards can be costly for anyone who keeps a running balance. So should there be rules around who gets one? IMF economist Andrea Presbitero is coauthor of a study that looks at the distributional impact of rewards cards. In this podcast, Presbitero says while the high interest rates and penalties associated with these cards can widen wealth inequality, limiting access is not the answer. Transcript: https://bit.ly/3r5fzwY

  continue reading

647 episodes

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