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The Boston Fed study of consumer behavior and payment choice: a survey of Federal Reserve System employees

Benton, Marques; Blair, Krista; Crowe, Marianne; Schuh, … - Federal Reserve Bank of Boston - 2007

The way people pay for goods and services is changing dramatically, but little data and research on consumer behavior and payment choice are publicly available. This paper describes the results of a survey of payment behavior and attitudes taken by Federal Reserve employees in 2004. Major...

Persistent link: https://www.econbiz.de/10005707391

Why are (some) consumers (finally) writing fewer checks?: the role of payment characteristics

Schuh, Scott; Stavins, Joanna - Federal Reserve Bank of Boston - 2009

the use of paper checks that has been quite uneven across consumers and not well understood. This paper estimates … econometric models of consumers’ adoption (extensive margin) and use (intensive margin) of checks plus six other common U … checks can explain directly about 25 and 14 percent, respectively, of the 8.4 percentage point decline in check use from 2003 …

Persistent link: https://www.econbiz.de/10005713289

Payment choice with consumer panel data

Cohen, Michael; Rysman, Marc - Federal Reserve Bank of Boston - 2013

We exploit scanner data to track payment choice for grocery purchases for a large panel of households over three years. We show that households focus most of their expenditures on one or at most two of these instruments in choosing between using cash, a check, or a card, and they very rarely...

Persistent link: https://www.econbiz.de/10010687013

Measuring household spending and payment habits: the role of “typical” and “specific” time frames in survey questions

Angrisani, Marco; Kapteyn, Arie; Schuh, Scott - Federal Reserve Bank of Boston - 2012

number of their purchases and the amount paid by debit cards, cash, credit cards, and personal checks. The design of the …

Persistent link: https://www.econbiz.de/10011027186

Optimal monetary policy in a model with habit formation

Fuhrer, Jeffrey C. - Federal Reserve Bank of Boston - 2000

A number of recent papers have explored monetary policy options, including inflation targeting and inflation forecast targeting (notably Svensson (1999a, 1999b, 2000)) and price level targeting (Wolman 2000, Batini and Yates 1999, Blinder 1999). Most papers explore "optimal" monetary policy in...

Persistent link: https://www.econbiz.de/10005379793

House prices and risk sharing

Hryshko, Dmytro; María José Luengo-Prado.; Sørensen, … - Federal Reserve Bank of Boston - 2009

We show that homeowners are able to maintain a high level of consumption following job loss or disability in periods of rising house values. However, the consumption drop for consumers who simultaneously lose their job and equity in their houses is substantial. Using data from the Panel Study of...

Persistent link: https://www.econbiz.de/10008628377

Intergenerational transfers, borrowing constraints, and saving behavior: evidence from the housing market

Engelhardt, Gary V.; Mayer, Christopher J. - Federal Reserve Bank of Boston - 1995

This paper examines the effects of intergenerational transfers on saving behavior by examining private wealth transfers targeted toward first-time home purchases. The study of transfer behavior in the housing market is advantageous for a number of reasons: the down payment requirement associated...

Persistent link: https://www.econbiz.de/10005713315

Consumer behavior and payment choice : 2006 conference summary

Carten, Margaret; Littman, Dan; Schuh, Scott; Stavins, … - Federal Reserve Bank of Boston - 2007

This paper summarizes the proceedings of the second Consumer Behavior and Payment Choice conference, held at the Federal Reserve Bank of Boston on July 25–27, 2006. These conferences are unique in featuring the collaboration of two groups of payments experts — the private-sector payments...

Persistent link: https://www.econbiz.de/10005490733

Summary of the workshop on Consumer Behavior and Payment Choice

Schuh, Scott; Stavins, Joanna - Federal Reserve Bank of Boston - 2008

This paper summarizes and outlines some interesting issues that arose during a recent workshop on Consumer Behavior and Payment Choice, hosted by the Federal Reserve Bank of Boston’s Emerging Payments Research Group (EPRG) on July 25, 2008. Topics addressed are the consumer adoption of new...

Persistent link: https://www.econbiz.de/10005490737

Credit card debt and payment use

Sprenger, Charles; Stavins, Joanna - Federal Reserve Bank of Boston - 2008

Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so-called "revolvers" exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of...

Persistent link: https://www.econbiz.de/10005501377