IDEAS home Printed from https://ideas.repec.org/a/onb/oenbmp/y2014i3b3.html
   My bibliography  Save this article

How Gender-Specific Are Payments? A Study Based on Austrian Survey Data from 1996 to 2011

Author

Listed:
  • Klaus Forstner

    (student at the Vienna University of Economics and Business)

  • Karin Wagner

    (Oesterreichische Nationalbank, Economic Analysis Division)

Abstract

Based on payments surveys commissioned by the OeNB in 1996, 2000, 2005 and 2011, this study highlights patterns in consumer payment behavior in Austria with a view to establishing gender-specific patterns and changes thereof. While cash continues to dominate, we find that its use contracted to a share of roughly two-thirds in value terms in the review period. This decline was almost twice as large for women as for men (–24 percentage points versus –12 percentage points), thus more than offsetting the significantly higher cash payment volume of women observed in 1996 (90% versus 81%). By 2011, women were heavier users of debit cards than men, in terms of transactions as well as in terms of value. The higher tendency of women to use cashless payment systems evidently reflects safety concerns with cash. Women are also more risk averse than men in the sense that they are more likely to plan their monthly expenses and more likely to acknowledge the relevance of keeping an eye on what they spend.

Suggested Citation

  • Klaus Forstner & Karin Wagner, 2014. "How Gender-Specific Are Payments? A Study Based on Austrian Survey Data from 1996 to 2011," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 36-53.
    • Handle: RePEc:onb:oenbmp:y:2014:i:3:b:3
    as

    Download full text from publisher

    File URL: https://www.oenb.at/dam/jcr:613877d2-4218-46b5-8dc8-f5aafdc54ac7/mop_2014_q3_analyses_3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Torricelli, Costanza & Bertocchi, Graziella & Brunetti, Marianna, 2012. "Is it money or brains? The determinants of intra-family decision power," CEPR Discussion Papers 9017, C.E.P.R. Discussion Papers.
    2. Sandra Dema-Moreno, 2009. "Behind the negotiations: Financial decision-making processes in Spanish dual-income couples," Feminist Economics, Taylor & Francis Journals, vol. 15(1), pages 27-56.
    3. Spiro, Rosann L, 1983. "Persuasion in Family Decision-Making," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 9(4), pages 393-402, March.
    4. Bertocchi, Graziella & Brunetti, Marianna & Torricelli, Costanza, 2012. "Is it money or brains? The determinants of intra-family decision power," CEPR Discussion Papers 9017, C.E.P.R. Discussion Papers.
    5. David E. Wildasin, 2000. "Labor-Market Integration, Investment in Risky Human Capital, and Fiscal Competition," American Economic Review, American Economic Association, vol. 90(1), pages 73-95, March.
    6. Paolo Mauro & Antonio Spilimbergo, 1999. "How Do the Skilled and the Unskilled Respond to Regional Shocks?: The Case of Spain," IMF Staff Papers, Palgrave Macmillan, vol. 46(1), pages 1-1.
    7. repec:clr:wugarc:y:2013:v:39i:3p:361 is not listed on IDEAS
    8. Ulf Kalckreuth & Tobias Schmidt & Helmut Stix, 2014. "Choosing and using payment instruments: evidence from German microdata," Empirical Economics, Springer, vol. 46(3), pages 1019-1055, May.
    9. Ulf Von Kalckreuth & Tobias Schmidt & Helmut Stix, 2014. "Using Cash to Monitor Liquidity: Implications for Payments, Currency Demand, and Withdrawal Behavior," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1753-1786, December.
    10. Munsinger, Gary M & Weber, Jean E & Hansen, Richard W, 1975. "Joint Home Purchasing Decisions by Husbands and Wives," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 1(4), pages 60-66, March.
    11. Katharina Mader & Alyssa Schneebaum, 2013. "Zur geschlechtsspezifischen Intrahaushaltsverteilung von Entscheidungsmacht in Europa," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 39(3), pages 361-403.
    12. Jianakoplos, Nancy Ammon & Bernasek, Alexandra, 1998. "Are Women More Risk Averse?," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 620-630, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Markus Grabka & Jan Marcus & Eva Sierminska, 2015. "Wealth distribution within couples," Review of Economics of the Household, Springer, vol. 13(3), pages 459-486, September.
    2. AINA, Carmen & MAZZOTTA, Fernanda & PARISI, Lavinia, 2014. "Bargaining or efficiency within the household? The case of Italy," CELPE Discussion Papers 130, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    3. Elena Giarda & Gloria Moroni, 2018. "The Degree of Poverty Persistence and the Role of Regional Disparities in Italy in Comparison with France, Spain and the UK," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(1), pages 163-202, February.
    4. C. Pederzoli & C. Torricelli, 2013. "Efficiency and unbiasedness of corn futures markets: new evidence across the financial crisis," Applied Financial Economics, Taylor & Francis Journals, vol. 23(24), pages 1853-1863, December.
    5. Lola Hernandez & Nicole Jonker & Anneke Kosse, 2017. "Cash versus Debit Card: The Role of Budget Control," Journal of Consumer Affairs, Wiley Blackwell, vol. 51(1), pages 91-112, March.
    6. Yang Yang, 2023. "Hukou Identity and Economic Behaviours: A Social Identity Perspective," Erudite Ph.D Dissertations, Erudite, number ph23-02 edited by Catherine Bros & Julie Lochard, December.
    7. Gabrielle Demange & Robert Fenge & Silke Uebelmesser, 2008. "The Provision of Higher Education in a Global World—Analysis and Policy Implications," CESifo Economic Studies, CESifo Group, vol. 54(2), pages 248-276.
    8. Eschelbach, Martina & Schmidt, Tobias, 2013. "Precautionary motives in short-term cash management: Evidence from German POS transactions," Discussion Papers 38/2013, Deutsche Bundesbank.
    9. Massimo Baldini & Giovanni Gallo & Costanza Torricelli, 2017. "Past Income Scarcity and Current Perception of Financial Fragility," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 17121, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    10. Peter Mooslechner & Helmut Stix & Karin Wagner, 2012. "The Use of Payment Instruments in Austria - A Study Based on Survey Data from 1996 to 2011," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 53-77.
    11. Rama Lionel Ngenzebuke & Bram De Rock & Philip Verwimp, 2018. "The power of the family: kinship and intra-household decision making in rural Burundi," Review of Economics of the Household, Springer, vol. 16(2), pages 323-346, June.
    12. Graziella Bertocchi & Monica Bozzano, 2015. "Family Structure and the Education Gender Gap: Evidence from Italian Provinces," CESifo Economic Studies, CESifo Group, vol. 61(1), pages 263-300.
    13. Gabrielle Demange & Robert Fenge & Silke Uebelmesser, 2014. "Financing Higher Education in a Mobile World," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(3), pages 343-371, June.
    14. Elisabetta Gualandri & Valeria Venturelli, 2013. "The financing of Italian firms and the credit crunch: findings and exit strategies," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 13101, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    15. Ulf Von Kalckreuth & Tobias Schmidt & Helmut Stix, 2014. "Using Cash to Monitor Liquidity: Implications for Payments, Currency Demand, and Withdrawal Behavior," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1753-1786, December.
    16. Guerino Ardizzi & Eleonora Iachini, 2013. "Why are payment habits so heterogeneous across and within countries? Evidence from European countries and Italian regions," Questioni di Economia e Finanza (Occasional Papers) 144, Bank of Italy, Economic Research and International Relations Area.
    17. Joseph Deutsch & Jacques Silber, 2017. "Does women's empowerment affect the health of children?: The case of Mozambique," WIDER Working Paper Series wp-2017-211, World Institute for Development Economic Research (UNU-WIDER).
    18. Magnac, Thierry, 2017. "ATM foreign fees and cash withdrawals," Journal of Banking & Finance, Elsevier, vol. 78(C), pages 117-129.
    19. John Bagnall & David Bounie & Kim P. Huynh & Anneke Kosse & Tobias Schmidt & Scott Schuh, 2016. "Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data," International Journal of Central Banking, International Journal of Central Banking, vol. 12(4), pages 1-61, December.
    20. Costanza Torricelli & Eleonora Pellati, 2022. "Social Bonds and the “Social Premiumâ€," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0085, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".

    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:onb:oenbmp:y:2014:i:3:b:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rita Glaser-Schwarz (email available below). General contact details of provider: https://edirc.repec.org/data/oenbbat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.