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2013-10-11Buch DOI: 10.18452/4485
Intertemporal Consumption and Debt Aversion
dc.contributor.authorMeissner, Thomas
dc.date.accessioned2017-06-16T00:55:24Z
dc.date.available2017-06-16T00:55:24Z
dc.date.created2013-10-21
dc.date.issued2013-10-11
dc.date.submitted2013-10-11
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5137
dc.description.abstractThis paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is required for optimal consumption. Since both treatments share the same optimal consumption levels, actual consumption choices can be directly compared across treatments. The experimental findings imply that deviations from optimal behavior are higher when subjects have to borrow than when they have to save in order to consume optimally, suggesting debt-aversion. Signifiant underconsumption is observed when subjects have to borrow in order to reach optimal consumption. Only weak evidence is found suggesting that subjects over-consume when saving is necessary for optimal consumption.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectLaboratory Experimenteng
dc.subjectIntertemporal Consumptioneng
dc.subjectConsumption Smoothingeng
dc.subjectDebt Aversioneng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleIntertemporal Consumption and Debt Aversion
dc.typebook
dc.subtitleAn Experimental Study
dc.identifier.urnurn:nbn:de:kobv:11-100213062
dc.identifier.doihttp://dx.doi.org/10.18452/4485
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages28
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2013
local.edoc.container-issue45
local.edoc.container-year2013
local.edoc.container-erstkatid2195055-6

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