IMF Podcasts Andrea Presbitero on Rewards Cards and Wealth Inequality
Sep 7, 2023
IMF economist Andrea Presbitero discusses the distributional impact of rewards cards and the potential drawbacks for individuals carrying balances. The study reveals a redistribution of rewards from less privileged to more privileged areas. Presbitero argues for caution in implementing regulations and suggests improving financial literacy and increasing market competition to address wealth inequality.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Analyzing Credit Card Reward Programs
01:30 • 8min
The Reverse Robinhood Aspect and the Twist of Credit Rating Scores
09:52 • 3min
Rewards Cards and Wealth Inequality: Analyzing Redistribution and its Impact on Communities
13:03 • 2min
Addressing Wealth Inequality Caused by Credit Card Reward Programs
15:30 • 4min