Marco Di Maggio
Marco Di Maggio is a researcher and first author of the 2022 NBER working paper on buy now, pay later credit, user characteristics and effects on spending patterns.
Who they are
The work of Marco Di Maggio reaches this site through the paper listed below. On this site the name is tied to Buy Now, Pay Later, Liquidity Flypaper Effect.
Key papers
Di Maggio, M., Williams, E. C., & Katz, J. (2022). Buy now, pay later credit: User characteristics and effects on spending patterns. NBER Working Paper 30508. What it reports: Panel of buy now, pay later users built from transaction-level data; access increases total spending and the retail share of spending, with magnitudes too large for standard intertemporal and static substitution effects; holds with and without inferred liquidity constraints; authors read it as a liquidity flypaper effect.
Key ideas
Buy Now, Pay Later: A point-of-sale option that splits a purchase into instalments, studied for its effect on perceived expense and spending.
Liquidity Flypaper Effect: The idea that extra retail liquidity sticks where it hits, raising retail spending beyond what standard models of borrowing predict.
Sources
- Di Maggio, M., Williams, E. C., & Katz, J. (2022). Buy now, pay later credit: User characteristics and effects on spending patterns. NBER Working Paper 30508.