Replication data for: Present-Biased Preferences and Credit Card Borrowing

Principal Investigator(s): View help for Principal Investigator(s) Stephan Meier; Charles Sprenger

Name	File Type	Size	Last Modified
._do-file.rtf	application/octet-stream	4 KB	12/07/2019 09:00:AM
ReadMe.pdf	application/pdf	40.8 KB	12/07/2019 09:00:AM
do-file.rtf	text/rtf	21 KB	12/07/2019 09:00:AM

Project Description

Summary: 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 to have significantly higher amounts of credit card debt, controlling for disposable income, other socio-demographics, and credit constraints. (JEL D12, D14, D91)

Scope of Project

JEL Classification:
      D12 Consumer Economics: Empirical Analysis
      D14 Household Saving; Personal Finance
      D15 Intertemporal Household Choice; Life Cycle Models and Saving

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Published Versions

V1 [2019-12-07]

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