The 2015 and 2016 Diaries of Consumer Payment Choice: Technical Appendix

2018 • No. 18–2
By Marco Angrisani, Kevin Foster, and Marcin Hitczenko

Full Text Document (pdf)

The Diary of Consumer Payment Choice (DCPC) is a study designed to collect data on the financial transactions that adult U.S. consumers make during a three-day period. It was developed by the Consumer Payment Research Center at the Federal Reserve Bank of Boston. The Center for Economic and Social Research at the University of Southern California administered the 2015 and 2016 editions of the DCPC. This report details the technical aspects of the design, implementation, and analysis of each of those editions.

  • 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 presents statistics concerning diary response and completion.
    • It delineates the way in which sampling weights were used to ensure that the survey could generate estimates of payment statistics for the entire population of U.S. consumers age 18 and older.
    • It describes the preprocessing and editing involved with producing the public-use data set.
    • It presents the statistical methodology used for generating population estimates based on the DCPC data.
  • Implications

    By providing details on the design, implementation, and analysis of the 2015 and 2016 editions of the DCPC, the technical appendix enables researchers who study the surveys' results to understand and interpret more fully the data and estimates.

  • Abstract

    This document serves as the technical appendix to the 2015 and 2016 editions of the DCPC administered by the Center for Economic and Social Research.

    The DCPC is a study designed primarily to collect data on financial transactions over 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.