Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/35670 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 4198
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to individual credit reports and annual tax returns. The results indicate that present-biased individuals are more likely to have credit card debt, and have significantly higher amounts of credit card debt, controlling for disposable income, other socio-demographics, and credit constraints.
Schlagwörter: 
Time preferences
dynamic inconsistency
credit card borrowing
field experiment
JEL: 
D12
D14
D91
C93
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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