@TechReport{iza:izadps:dp4198,
            	author={Meier, Stephan and Sprenger, Charles},
            	title={Present-Biased Preferences and Credit Card Borrowing},
            	year={2009},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4198},
            	url={https://www.iza.org/index.php/publications/dp4198},
	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.},
	keywords={field experiment;credit card borrowing;dynamic inconsistency;time preferences},
            }