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Consumers’ Recording Behaviour in Payment Diaries – Empirical Evidence from Germany
[journal article]
Abstract
In this paper we analyse whether the recording behaviour of consumers keeping a payment diary for several days changes over the diary period. Using data from a large study on the payment behaviour of German consumers we find that individuals tend to report a higher number of transactions on the firs... view more
In this paper we analyse whether the recording behaviour of consumers keeping a payment diary for several days changes over the diary period. Using data from a large study on the payment behaviour of German consumers we find that individuals tend to report a higher number of transactions on the first day of the diary period than on subsequent days. Contrary to existing literature we find that the number of small cash payments recorded does not decrease during the one-week diary period. Our findings indicate that short diaries may be enough to reflect adequately the payment behaviour of consumers. Longer diaries do not seem to suffer from serious biases and are especially helpful when it comes to analysing subgroups of payment types or rare events.... view less
Keywords
Federal Republic of Germany; consumption behavior; survey; payment practices; data quality; Federal Reserve Bank of Germany
Classification
Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
Sociology of Economics
Document language
English
Publication Year
2014
Page/Pages
16 p.
Journal
Survey Methods: Insights from the Field (2014)
DOI
https://doi.org/10.13094/SMIF-2014-00008
ISSN
2296-4754
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works