Data and Code for: Gender and Racial Behavior in Consumer Payment Methods under Economic Uncertainty

Principal Investigator(s): View help for Principal Investigator(s) Raffi Garcia, Rensselaer Polytechnic Institute; Jyothsna Harithsa, State University of New York at Geneseo

Version: View help for Version V1

Name	File Type	Size	Last Modified
ReplicationFiles_ICPSR_AEAPP_GenderRacePaymentMethods			04/24/2024 05:45:PM

Project Citation:

Garcia, Raffi, and Harithsa, Jyothsna. Data and Code for: Gender and Racial Behavior in Consumer Payment Methods under Economic Uncertainty. Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-05-01. https://doi.org/10.3886/E201321V1

Project Description

Summary: This paper analyzes the effects of high economic uncertainty on gender and racial behavior in payment methods. Using US consumer transaction-level data, we find that consumers alter their payment behavior patterns in periods of high economic uncertainty by moving away from high-interest, costly, and risky payment methods, such as credit cards, and tend to use more cash instead. Interestingly, we do not find statistical differences across genders in credit card or cash usage, although we find that females reduce their wire transfer usage relative to males. We find no significant differences in payment behavior between Blacks and Whites.

Scope of Project

Subject Terms: Consumer Payment Methods; Economic Policy Uncertainty; Gender and Race; Economic Inequality; Credit Cards

JEL Classification:
      D10 Household Behavior: General
      D12 Consumer Economics: Empirical Analysis
      G40 Behavioral Finance: General
      G50 Household Finance: General

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Published Versions

V1 [2024-05-01]

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