Measuring Aversion to Debt : An Experiment among Student Loan Candidates

Measuring Aversion to Debt : An Experiment among Student Loan Candidates

This paper reports the results of an experiment designed to test for the presence of debt aversion. The population who participated in the experiment were recent financial aid candidates and the experiment focused on student loans. The goal is to s...

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Bibliographic Details
Main Authors: Caetano, Gregorio, Patrinos, Harry A., Palacios, Miguel
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCESS TO HIGHER EDUCATION
AMOUNT OF DEBT
AMOUNT OF RISK
ASSET PRICES
ASSET PRICING
ASSETS
ASYMMETRIC INFORMATION
BANKRUPTCY
BANKRUPTCY LAWS
BORROWER
BORROWING
CAPITAL INVESTMENT
CAPITAL RETURNS
CAREER
CAREER CHOICE
COLLATERAL
COST-SHARING
CREDIT CONSTRAINTS
CREDIT INSTRUMENT
DEBT
DEBT BURDEN
DEBT CONTRACT
DEMOGRAPHIC CHARACTERISTICS
DEPENDENT
DEVELOPING COUNTRIES
DEVELOPMENT POLICY
EARNINGS
ECONOMIC RESEARCH
ECONOMICS LITERATURE
EDUCATION COSTS
EDUCATIONAL FINANCE
EMPLOYMENT
EQUITY INVESTMENTS
FINANCIAL AID
FINANCIAL CONTRACT
FINANCIAL INSTITUTION
FINANCIAL INSTRUMENT
FINANCIAL TRANSACTION
FLEXIBLE LOAN
FUTURE RESEARCH
GENDER
HIGH SCHOOL GRADUATES
HIGHER EDUCATION
HIGHER EDUCATION FINANCING
HUMAN CAPITAL
HUMAN CAPITAL INVESTMENT
HUMAN DEVELOPMENT
IMPACT OF DEBT
INCOME
INCOME CONTINGENT LOANS
INCOME LEVEL
INCOME LEVELS
INCOME-CONTINGENT
INCOMPLETE MARKETS
INFORMATION ASYMMETRY
INTERNATIONAL BANK
INVESTMENT DECISION
INVESTMENT DECISIONS
INVESTMENT OPPORTUNITIES
INVESTMENTS IN EDUCATION
LEGAL BARRIERS
LEVELS OF EDUCATION
LOAN CONTRACT
LOANS TO STUDENTS
LOCAL CURRENCIES
LOCAL CURRENCY
LOTTERY
LOW-INCOME STUDENTS
MONETARY VALUE
OPEN ACCESS
PAPERS
PAYOFFS
PORTFOLIO
PORTFOLIO CHOICE
POTENTIAL BORROWERS
POTENTIAL INVESTORS
PUBLIC EDUCATION
PUBLIC FINANCE
RETURN
RISK-AVERSE INDIVIDUALS
SHAREHOLDER
STUDENT LOAN
STUDENT LOANS
TANGIBLE ASSET
TITLE
TRANSACTION
TRANSFER RISK
TYPES OF DEBT
UNIVERSITIES
VALUE OF DEBT
WAGES
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110726094406
http://hdl.handle.net/10986/3499

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110726094406
http://hdl.handle.net/10986/3499

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