  We replicate Meissner (2016), where debt aversion was reported for the first
time in an intertemporal consumption and saving problem. While Meissner (2016)
uses a German sample, our participants are US undergraduate students. All of
the original study's main findings replicate with similar effect sizes.
Additionally, we extend the original analysis by introducing a new individual
index of debt aversion, which we use to compare debt aversion across countries.
Interestingly, we find no significant differences in debt aversion between the
original German and the new US sample. We then test whether debt aversion
correlates with individual characteristics such as gender, cognitive reflection
ability, and risk aversion. Overall, this paper confirms the importance of debt
aversion in intertemporal consumption and saving problems and validates the
approach of Meissner (2016).
