Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35670
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dc.contributor.authorMeier, Stephanen_US
dc.contributor.authorSprenger, Charles D.en_US
dc.date.accessioned2009-07-24en_US
dc.date.accessioned2010-07-07T11:55:07Z-
dc.date.available2010-07-07T11:55:07Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:101:1-20090615131en_US
dc.identifier.urihttp://hdl.handle.net/10419/35670-
dc.description.abstractSome 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.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA discussion papers |x4198en_US
dc.subject.jelD12en_US
dc.subject.jelD14en_US
dc.subject.jelD91en_US
dc.subject.jelC93en_US
dc.subject.ddc330en_US
dc.subject.keywordTime preferencesen_US
dc.subject.keyworddynamic inconsistencyen_US
dc.subject.keywordcredit card borrowingen_US
dc.subject.keywordfield experimenten_US
dc.subject.stwPrivate Verschuldungen_US
dc.subject.stwKreditkarteen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwUSAen_US
dc.titlePresent-biased preferences and credit card borrowingen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn605349959en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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