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https://hdl.handle.net/10419/35670
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Meier, Stephan | en |
dc.contributor.author | Sprenger, Charles D. | en |
dc.date.accessioned | 2009-07-24 | - |
dc.date.accessioned | 2010-07-07T11:55:07Z | - |
dc.date.available | 2010-07-07T11:55:07Z | - |
dc.date.issued | 2009 | - |
dc.identifier.pi | urn:nbn:de:101:1-20090615131 | en |
dc.identifier.uri | http://hdl.handle.net/10419/35670 | - |
dc.description.abstract | 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. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x4198 | en |
dc.subject.jel | D12 | en |
dc.subject.jel | D14 | en |
dc.subject.jel | D91 | en |
dc.subject.jel | C93 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Time preferences | en |
dc.subject.keyword | dynamic inconsistency | en |
dc.subject.keyword | credit card borrowing | en |
dc.subject.keyword | field experiment | en |
dc.subject.stw | Private Verschuldung | en |
dc.subject.stw | Kreditkarte | en |
dc.subject.stw | Konsumentenverhalten | en |
dc.subject.stw | Zeitpräferenz | en |
dc.subject.stw | USA | en |
dc.title | Present-biased preferences and credit card borrowing | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 605349959 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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