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Report
The 2016 and 2017 Surveys of Consumer Payment Choice: Technical Appendix
This document serves as the technical appendix to the 2016 and 2017 Surveys of Consumer Payment Choice administered by the Dornsife Center for Economic and Social Research (CESR). The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes toward and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, is on our website at frbatlanta.org/banking-and-payments/consumer-payments/survey-of-consumer-payment-choice. In ...
Report
The 2013 Survey of Consumer Payment Choice: Technical Appendix
This report serves as the technical appendix to the 2013 Survey of Consumer Payment Choice. The Survey of Consumer Payment Choice (SCPC) is an annual study, conducted since 2008 through a partnership between the Consumer Payments Research Center (CPRC) at the Federal Reserve Bank of Boston and the RAND Corporation, designed primarily to collect data on attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found here. This data report details the ...
Working Paper
Measuring unfamiliar economic concepts: the case of prepaid card adoption
Recent evidence suggests that the use of prepaid cards is growing in the United States. The study of how prepaid cards fit into the existing payments market requires accurate data about the adoption of prepaid cards among consumers. This paper describes several experiments conducted by the Consumer Payments Research Center that compare the efficacy of various question forms regarding reported adoption rates. A primary focus is on the effect of "disaggregation" or asking about adoption of a number of prepaid card categories sequentially rather than asking about adoption of prepaid cards as a ...
Report
Battery order effects on relative ratings in Likert scales
Likert-scale batteries, sequences of questions with the same ordinal response choices, are often used in surveys to collect information about attitudes on a related set of topics. Analysis of such data often focuses on the study of relative ratings or the likelihood that one item is given a lower (or higher) rating than another item. This work studies how different orderings of the items within a battery and, in particular, the relative location of items affect relative rating distributions. We take advantage of data from the 2012?2014 Survey of Consumer Payment Surveys, in which item order ...
Working Paper
Optimal recall period length in consumer payment surveys
Surveys in many academic fields ask respondents to recall the number of events that occurred over a specific period of time with the goal of learning about the mean frequency of these events among the population. Research has shown that the choice of the recall period, particularly the length, affects the results by influencing the cognitive recall process. We combine experimental recall data with use data to learn about this relationship in the context of consumer payments, specifically for the mean frequency of use of the four most popular payment instruments (cash, credit card, debit card, ...
Report
Estimating population means in the 2012 Survey of Consumer Payment Choice
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 ...
Report
The 2014 Survey of Consumer Payment Choice: Technical Appendix
This document serves as the technical appendix to the 2014 Survey of Consumer Payment Choice administered by the RAND Corporation. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found at http://www.bostonfed.org/economic/cprc/SCPC. In this data report, we detail the technical aspects of the survey design, implementation, and analysis.
Report
The 2013 Survey of Consumer Payment Choice: technical appendix
This report serves as the technical appendix to the 2013 Survey of Consumer Payment Choice. The Survey of Consumer Payment Choice (SCPC) is an annual study, conducted since 2008 through a partnership between the Consumer Payments Research Center (CPRC) at the Federal Reserve Bank of Boston and the RAND Corporation, designed primarily to collect data on attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. This data report details the technical aspects of the survey design, implementation, and analysis.
Report
The 2015 and 2016 Diaries of Consumer Payment Choice : Technical Appendix, Research Data Report No. 18-2
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 ...
Report
Identifying and Evaluating Sample Selection Bias in Consumer Payment Surveys
This paper develops a two-stage statistical analysis to identify and assess the effect of a sample selection bias associated with an individual’s household role. The methodology is applied to the 2012 Survey of Consumer Payment Choice. Survey responses to a series of questions about the respondent’s role in household finances are combined and adjusted for response error to estimate a latent variable that represents each individual’s share of household responsibility. The distribution of this variable among survey respondents suggests that the sampling procedure favors household members ...