What influences demand for Buy Now, Pay Later credit?
利用新西兰数据，研究了“先买后付”信贷的绝对需求和相对需求的决定因素，发现单身、年轻、低收入人群更偏好，且需求与利率负相关，受负责任贷款立法和疫情封锁结束影响。
We investigate the determinants of demand for Buy Now, Pay Later (BNPL) credit using a comprehensive database from New Zealand. We consider both absolute demand and relative to total personal lending demand. The results indicate that BNPL is more popular with single individuals, younger people, and those on lower incomes. There is a negative relation between absolute and relative BNPL demand and interest rates. BNPL demand was reduced during the period around responsible lending legislation changes, even though these were not specifically related to BNPL, while demand increased following the end of COVID-19 lockdowns.