Version V0

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

Meier, Stephan;Sprenger, Charles

Description

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)

Citations (0)

Mentions (0)

Metrics

Dataset Index

0.7

FAIR Score

69%

Citations

1

Mentions

0

Metrics Over Time

Publication Details

DOI

Publisher

ICPSR - Interuniversity Consortium for Political and Social Research

Assigned Domain

Subfield

Finance

Field

Economics, Econometrics and Finance

Domain

Social Sciences

Confidence Score

49%

Source

Scholar Data Model

Normalization Factors

FT

57.69

CTw

1.00

MTw

1.00