Download or read book An Investigation of Credit Card Holding, Borrowing, and Payoff written by Saihong Jiang and published by . This book was released on 2007 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The widespread use of credit cards has challenged the traditional lifecycle hypothesis and introduced new uncertainties into U.S. financial markets. Based on a set of new survey data, this dissertation empirically investigates two critical issues in the credit card market: (1) the lifecycle borrowing and payoff profiles of credit card revolvers adjusting for cohort effects, (2) the underlying determinants of the consumer's choices regarding holding, borrowing, and payment on credit cards.