EconPapers    
Economics at your fingertips  
 

Intertemporal Consumption and Debt Aversion: A Replication and Extension

Steffen Ahrens (), Ciril Bosch-Rosa and Thomas Meissner

Papers from arXiv.org

Abstract: 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 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).

Date: 2022-01, Revised 2022-06
New Economics Papers: this item is included in nep-cbe and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://arxiv.org/pdf/2201.06006 Latest version (application/pdf)

Related works:
Working Paper: Intertemporal Consumption and Debt Aversion: A Replication and Extension (2022) Downloads
Working Paper: Intertemporal consumption and debt aversion: A replication and extension (2022) Downloads
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:arx:papers:2201.06006

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().

 
Page updated 2022-12-25
Handle: RePEc:arx:papers:2201.06006