We exploit an alteration in lending rules to calculate the effect that is causal of access to payday advances on alcohol product sales

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We exploit an alteration in lending rules to calculate the effect that is causal of access to payday advances on alcohol product sales “Leveraging lender- and alcohol store-level data, we realize that the changes reduce sales, aided by the biggest decreases at shops positioned nearest to loan providers. By emphasizing states with state-run alcohol monopolies, […]