Intertemporal Consumption and Debt Aversion: A Replication and Extension

Steffen Ahrens, Ciril Bosch-Rosa and Thomas Meissner
Additional contact information
Steffen Ahrens: FU Berlin
Ciril Bosch-Rosa: TU Berlin

No 312, Rationality and Competition Discussion Paper Series from CRC TRR 190 Rationality and Competition

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 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).

Keywords: debt aversion; replication; experiment (search for similar items in EconPapers)
JEL-codes: C91 D84 G11 G41 (search for similar items in EconPapers)
Date: 2022-01-20
New Economics Papers: this item is included in nep-cbe and nep-upt
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: 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)
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Persistent link: https://EconPapers.repec.org/RePEc:rco:dpaper:312

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