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Intertemporal consumption and debt aversion: A replication and extension

We replicate Meissner (2016) where debt aversion was reported for the first time in an intertemporal consumption and saving problem. While Meissner (2016) uses a German sample, our subjects are US undergraduate students. All of the main findings from the original study replicate, with similar effect sizes. Additionally, we extend the original analysis by correlating a new individual index of debt aversion on individual characteristics such as gender, cognitive ability, and risk aversion. The findings suggest that gender and risk aversion are not correlated with debt aversion. However, cognitive ability is positively correlated with debt aversion. Overall, this paper confirms the importance of debt aversion in intertemporal consumption problems and validates the approach of Meissner (2016).
Year of publication:
2022
Authors: Ahrens, Steffen ; Bosch-Rosa, Ciril ; Meissner, Thomas
Publisher: Berlin : Freie Universität Berlin, School of Business & Economics
Subject: Debt Aversion | Replication | Experiment
Series:
Type of publication: Book / Working Paper
Type of publication (narrower categories): Working Paper
Language: English
Other identifiers:
10.17169/refubium-33314 [DOI]
1786475995 [GVK]
hdl:10419/249273 [Handle]
RePEc:zbw:fubsbe:20221 [RePEc]
Classification: C91 - Laboratory, Individual Behavior ; D84 - Expectations; Speculations ; G11 - Portfolio Choice ; g41
Source:
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012803569
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