Intertemporal consumption and debt aversion: a replication and extension

Steffen Ahrens (), Ciril Bosch-Rosa and Thomas Meissner
Additional contact information
Steffen Ahrens: Freie Universität Berlin
Ciril Bosch-Rosa: Technische Universität Berlin

Journal of the Economic Science Association, 2022, vol. 8, issue 1, No 5, 56-84

Abstract: Abstract We replicate Meissner (Exp Econ 19:281–298, 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 participants are US undergraduate students. All of the original study’s main findings replicate with similar effect sizes. Additionally, we extend the original analysis by introducing a new individual index of debt aversion, which we use to compare debt aversion across countries. Interestingly, we find no significant differences in debt aversion between the original German and the new US sample. We then test whether debt aversion correlates with individual characteristics such as gender, cognitive reflection ability, and risk aversion. Overall, this paper confirms the importance of debt aversion in intertemporal consumption and saving problems and validates the approach of Meissner (2016).

Keywords: Debt aversion; Replication; Intertemporal consumption and saving (search for similar items in EconPapers)
JEL-codes: C91 D84 G11 G41 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s40881-022-00118-y Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: Intertemporal Consumption and Debt Aversion: A Replication and Extension (2022)
Working Paper: Intertemporal Consumption and Debt Aversion: A Replication and Extension (2022)
Working Paper: Intertemporal consumption and debt aversion: A replication and extension (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jesaex:v:8:y:2022:i:1:d:10.1007_s40881-022-00118-y

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/40881

DOI: 10.1007/s40881-022-00118-y

Access Statistics for this article

Journal of the Economic Science Association is currently edited by Nikos Nikiforakis and Robert Slonim

More articles in Journal of the Economic Science Association from Springer, Economic Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().