Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Wednesday, October 3 • 4:45pm - 5:45pm
J2a - Household Collective Decision-Making and Consumer Debt

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This study explored the determinants of consumer borrowing by a couple as a function of collective bargaining between two partners with different intertemporal preferences. An accountant-shopper collective bargaining framework was developed for this purpose. A sample of households was extracted from De Nederlandsche Bank Household Survey, which allows for dyadic data analysis. Logistic regression was used to model the likelihood of a household reporting the use of consumer debt. Consistent with theoretical predictions, the bargaining power of the future-oriented accountant had a negative influence on the use of consumer debt; and the bargaining power of the present-oriented shopper had a positive influence on the use of consumer debt. Several implications for future research are discussed.

Author(s): David Allen Ammerman, Maurice MacDonald

avatar for David Allen Ammerman

David Allen Ammerman

Assistant Professor of Finance, West Texas A&M University

Wednesday October 3, 2018 4:45pm - 5:45pm CDT
Michigan 1B

Attendees (1)