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The 2015 and 2016 Diaries of Consumer Payment Choice : Technical Appendix, Research Data Report No. 18-2

Author

Listed:
  • Marco Angrisani
  • Kevin Foster
  • Marcin Hitczenko

Abstract

This document serves as the technical appendix to the 2015 and 2016 editions of the Diary of Consumer Payment Choice (DCPC) administered by the Center for Economic and Social Research. The DCPC is a study designed primarily to collect data on financial transactions ov er a three-day period by U.S. consumers ages 18 and older. In this data report, we detail the technical aspects of the survey design, implementation, and analysis. Key Findings: The technical appendix establishes the context and goals of the 2015 and 2016 editions of the DCPC. It details the sample selection strategy and presents statistics concerning diary response and completion. It delineates the way in which sampling weights were used to ensure that the survey could generate estimates of payment statistics for the entire population of U.S. consumers age 18 and older.It describes the preprocessing and editing involved with producing the public-use data set. It presents the statistical methodology used for generating population estimates based on the DCPC data. Implications: by providing details on the design, implementation, and analysis of the 2015 and 2016 editions of the DCPC, the technical appendix enables researchers who study the surveys' results to understand and interpret more fully the data and estimates.

Suggested Citation

  • Marco Angrisani & Kevin Foster & Marcin Hitczenko, 2018. "The 2015 and 2016 Diaries of Consumer Payment Choice : Technical Appendix, Research Data Report No. 18-2," Consumer Payments Research Data Reports 2018-02, Federal Reserve Bank of Atlanta.
    • Handle: RePEc:fip:fedadr:99784
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    File URL: https://fraser.stlouisfed.org/title/research-data-reports-7166/2015-2016-diaries-consumer-payment-choice-655096
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    References listed on IDEAS

    as
    1. Alexander Shapiro & Jos Berge, 2002. "Statistical inference of minimum rank factor analysis," Psychometrika, Springer;The Psychometric Society, vol. 67(1), pages 79-94, March.
    2. Jesse Bricker & Arthur B. Kennickell & Kevin B. Moore & John Edward Sabelhaus, 2012. "Changes in U.S. family finances from 2007 to 2010: evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 98(June), June.
    3. Jesse Bricker & Arthur B. Kennickell & Kevin B. Moore & John Edward Sabelhaus, 2012. "Changes in U.S. family finances from 2007 to 2010: evidence from the Survey of Consumer Finances," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), vol. 98(June), pages 1-80.
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    Cited by:

    1. Claire Greene & Joanna Stavins, 2020. "2019 Diary of Consumer Payment Choice," Consumer Payments Research Data Reports 2020-04, Federal Reserve Bank of Atlanta.

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    More about this item

    Keywords

    survey design; sample selection; raking; survey cleaning; poststratification estimates;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates

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