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Estimating population means in the 2012 Survey of Consumer Payment Choice

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  • Marcin Hitczenko

Abstract

This report examines the effect of adding to a longitudinal panel on estimates of population parameters in the 2012 Survey of Consumer Payment Choice (SCPC) more than 1,000 newly recruited respondents specifically targeted to fill segments of the U.S. population that tend to be underbanked and underrepresented in the longitudinal panel. In many ways, the new respondents have fundamentally different characteristics from the ongoing respondents. To minimize confounding sources of change to annual estimates when making comparisons across years, the official 2012 SCPC publication was based on the longitudinal panel only. This research data report presents estimates based on all available responses and evaluates the effect of the additional panel on these estimates. A complete set of 2012 SCPC tables with estimates based on the full sample accompanies this report.

Suggested Citation

  • Marcin Hitczenko, 2015. "Estimating population means in the 2012 Survey of Consumer Payment Choice," Research Data Report 15-2, Federal Reserve Bank of Boston.
  • Handle: RePEc:fip:fedbdr:15-2
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    References listed on IDEAS

    as
    1. Frees,Edward W., 2004. "Longitudinal and Panel Data," Cambridge Books, Cambridge University Press, number 9780521828284, October.
    2. Kevin Foster & Erik Meijer & Scott Schuh & Mike Zabek, 2011. "The 2009 survey of consumer payment choice," Public Policy Discussion Paper 11-1, Federal Reserve Bank of Boston.
    3. Kevin Foster & Scott Schuh & Hanbing Zhang, 2013. "The 2010 Survey of Consumer Payment Choice," Research Data Report 13-2, Federal Reserve Bank of Boston.
    4. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    5. Frees,Edward W., 2004. "Longitudinal and Panel Data," Cambridge Books, Cambridge University Press, number 9780521535380, October.
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    Cited by:

    1. Claire Greene & Scott Schuh & Joanna Stavins, 2017. "The 2015 Survey of Consumer Payment Choice: summary results," Research Data Report 17-3, Federal Reserve Bank of Boston.
    2. Marco Angrisani & Kevin Foster & Marcin Hitczenko, 2015. "The 2013 Survey of Consumer Payment Choice: technical appendix," Research Data Report 15-5, Federal Reserve Bank of Boston.
    3. Claire Greene & Scott Schuh & Joanna Stavins, 2016. "The 2014 survey of consumer payment choice: summary results," Research Data Report 16-3, Federal Reserve Bank of Boston.
    4. Marco Angrisani & Kevin Foster & Marcin Hitczenko, 2016. "The 2014 survey of consumer payment choice: technical appendix," Research Data Report 16-4, Federal Reserve Bank of Boston.
    5. Scott Schuh, 2017. "Measuring consumer expenditures with payment diaries," Working Papers 17-2, Federal Reserve Bank of Boston.
    6. Claire Greene & Scott Schuh & Joanna Stavins, 2018. "The 2012 diary of consumer payment choice," Research Data Report 18-1, Federal Reserve Bank of Boston.

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    More about this item

    Keywords

    raking; coverage; American Life Panel;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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