Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/249273
Authors: 
Ahrens, Steffen
Bosch-Rosa, Ciril
Meissner, Thomas
Year of Publication: 
2022
Series/Report no.: 
Discussion Paper No. 2022/1
Publisher: 
Freie Universität Berlin, School of Business & Economics, Berlin
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).
Subjects: 
Debt Aversion
Replication
Experiment
JEL: 
C91
D84
G11
G41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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