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Hábitos de Pago en Costa Rica
[Payment Habits in Costa Rica]

Author

Listed:
  • Leon, Jorge

Abstract

This document studies the payments habits of economic agents in Costa Rica. With that purpose a survey has been done, with a representative sample of 929 consumers, the survey covered all provinces, and interviews were conducted in both urban and rural areas. The survey results indicate a general preference for using debit and credit cards over cash. This preference is more marked the larger the amount of the transaction is. The survey found that 76% of respondents indicated having some type of bank account, which is above what other studies have found for other Latin American countries. It was found that on average a consumer carries about three thousand colones in cash. The survey also notes an emerging use of Internet for shopping and goods and services. The results of the survey fill some information gaps regarding the behavior of economic agents, and therefore allow a better estimate of the social cost of transaction.

Suggested Citation

  • Leon, Jorge, 2012. "Hábitos de Pago en Costa Rica [Payment Habits in Costa Rica]," MPRA Paper 45278, University Library of Munich, Germany, revised 2012.
  • Handle: RePEc:pra:mprapa:45278
    as

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    References listed on IDEAS

    as
    1. Humphrey, David B & Kim, Moshe & Vale, Bent, 2001. "Realizing the Gains from Electronic Payments: Costs, Pricing, and Payment Choice," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 216-234, May.
    2. Hans Brits & Carlo Winder, 2005. "Payments are no free lunch," DNB Occasional Studies 302, Netherlands Central Bank, Research Department.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Survey; paying habits; social costs; transactions; cash;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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