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Present-Biased Preferences and Credit Card Borrowing
Meier, Stephan; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2009
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...
Persistent link: https://www.econbiz.de/10004980269
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The Impact of Education on the Subjective Discount Rate in Ugandan Villages
Bauer, Michal; Chytilová, Julie - Institute for the Study of Labor (IZA) - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10004999928
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Women, Children and Patience: Experimental Evidence from Indian Villages
Bauer, Michal; Chytilová, Julie - Institute for the Study of Labor (IZA) - 2009
In this paper we study the link between women's responsibility for children and their preferences. We use a large random sample of individuals living in rural India, incentive compatible measures of patience and risk aversion, and detailed survey data. We find more patient choices among women...
Persistent link: https://www.econbiz.de/10005030895
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Stability of Time Preferences
Meier, Stephan; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2010
Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives. However, evidence on the stability of time preferences is notably lacking. In a large...
Persistent link: https://www.econbiz.de/10008615447
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Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - Institute for the Study of Labor (IZA) - 2010
Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source,...
Persistent link: https://www.econbiz.de/10008560756
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Discounting Financial Literacy: Time Preferences and Participation in Financial Education Programs
Meier, Stephan; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2008
Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...
Persistent link: https://www.econbiz.de/10005761687
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The Power of (No) Recognition: Experimental Evidence from the University Classroom
Hoogveld, Nicky; Zubanov, Nikolay - Institute for the Study of Labor (IZA) - 2014
We study the effect of recognition on performance with a field experiment involving first-year undergraduate students … that conformance to performance norm is the most likely behavioral mechanism behind our findings. …
Persistent link: https://www.econbiz.de/10010884116
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Cooperation, Competition, and Risk Attitudes: An Intergenerational Field and Laboratory Experiment
Charness, Gary; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2007
competitiveness of the environment and there is no significant difference in performance in the real-effort task across the …
Persistent link: https://www.econbiz.de/10005762257
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Comparing Students to Workers: The Effects of Social Framing on Behavior in Distribution Games
Carpenter, Jeffrey; Burks, Stephen; Verhoogen, Eric - Institute for the Study of Labor (IZA) - 2004
To investigate the external validity of Ultimatum and Dictator game behavior we conduct experiments in field settings with naturally occurring variation in "social framing. "Our participants are students at Middlebury College, non-traditional students at Kansas City Kansas Community College...
Persistent link: https://www.econbiz.de/10005763490
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Social Comparison in the Workplace: Evidence from a Field Experiment
Cohn, Alain; Fehr, Ernst; Herrmann, Benedikt; … - Institute for the Study of Labor (IZA) - 2011
received the same performance – independent hourly wage. Cutting both team members' wages caused a substantial decrease in … performance. When only one team member's wage was cut, the performance decrease for the workers who received the cut was more than … twice as large as the individual performance decrease when both workers' wages were cut. This finding indicates that social …
Persistent link: https://www.econbiz.de/10008854765