• Corpus ID: 246016236

Intertemporal Consumption and Debt Aversion: A Replication and Extension

@inproceedings{Ahrens2022IntertemporalCA,
  title={Intertemporal Consumption and Debt Aversion: A Replication and Extension},
  author={Steffen Ahrens and Ciril Bosch-Rosa and Thomas Meissner},
  year={2022}
}
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 di… 
3 Citations
The Gender Gap in Lifetime Earnings: The Role of Parenthood
To obtain a more complete understanding of the persisting gender earnings gap in Germany, this paper investigates both the cross-sectional and biographical dimension of gender inequalities. Using an
Estimating Growth at Risk with Skewed Stochastic Volatility Models
This paper proposes a Skewed Stochastic Volatility (SSV) model to model time varying, asymmetric forecast distributions to estimate Growth at Risk as introduced in Adrian, Boyarchenko, and Giannone’s
ANALYSIS OF CURRENT TRENDS IN THE REGIONAL SMART ECONOMY: CHALLENGES AND PROSPECTS FOR UKRAINE
. The formation of the economy based on knowledge-based innovative economy, new economy, at the present stage of social development is defining the international concept, according to which knowledge

References

SHOWING 1-10 OF 33 REFERENCES
Intertemporal consumption and debt aversion: an experimental study
This paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and whether subjects treat debt differently than savings. Two treatments create
Exploring Differences in Household Debt Across the United States and Euro Area Countries
Household debt has played a central role in the global financial crisis, yet our understanding of it remains limited. We put U.S. household leverage in an international perspective, using
Entrepreneur Debt Aversion and Financing Decisions: Evidence from COVID-19 Support Programs
We find that an entrepreneur's negative personal attitude towards debt - debt aversion - affects the financing decisions of the businesses they run. We conduct a large-scale survey of entrepreneurs
The Leverage Self-Delusion: Perceived Wealth and Cognitive Sophistication
Existing evidence suggests that individuals frequently misperceive the value of their wealth. We test the existence, and estimate sign and magnitude, of an inaccurate perception of individual net
In Search of Homo Economicus: Behavioral Experiments in 15 Small- Scale Societies
We can summarize our results as follows. First, the canonical model is not supported in any society studied. Second, there is considerably more behavioral variability across groups than had been
Using Cash to Monitor Liquidity: Implications for Payments, Currency Demand and Withdrawal Behavior
Standard transaction cost arguments can only partially explain why the share of cash transactions is still high in many countries. This paper shows that consumers’ desire to monitor liquidity is one
A theory of interest
In a recent survey on interest theory, Professor Sennholz (1996, p. 127) reminded his readers that, as “was the case a century ago, the phenomenon of interest income continues to be enmeshed in much
Student Loans: Do College Students Borrow Too Much--Or Not Enough?
Total student loan debt rose to over $800 billion in June 2010, overtaking total credit card debt outstanding for the first time. By the time this article sees print, the continually updated Student
...
...