Research Results. The difference-in-differences methodology we relied on contrasted payday financing before and after California’s early Medicaid expansion into the state’s expansion counties versus nonexpansion counties nationwide.

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Research Results. The difference-in-differences methodology we relied on contrasted payday financing before and after California’s early Medicaid expansion into the state’s expansion counties versus nonexpansion counties nationwide.

to manage for confounding, time-varying factors that affect all counties at specific times (such as for instance recessions, holiday breaks, and seasonality), this process utilized nonexpansion counties, in Ca along with other states, as a control team.

Display 1 presents quotes associated with effect of Medicaid expansion in the overall number of payday lending, our main results; the table that is accompanying in Appendix Exhibit A4. 16 We discovered big general reductions in borrowing after the Medicaid expansion among individuals more youthful than age sixty-five. The number of loans removed per thirty days declined by 790 for expansion counties, compared to nonexpansion counties. Offered a preexpansion mean of 6,948 loans per that amounts to an 11 percent drop in the number of loans month. This decrease in loan amount equals a $172,000 decrease in borrowing per thirty days per county, from a mean of $1,644,000—a fall of ten percent. And 277 less borrowers that are unique county-month took down loans, which represents an 8 % decrease through the preexpansion mean of 3,603.

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