Household Financial Transaction Data

Scott Baker and Lorenz Kueng

No 29027, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The growth of the availability and use of detailed household financial transaction microdata has dramatically expanded the ability of researchers to understand both household decision-making as well as aggregate fluctuations across a wide range of fields. This class of transaction data is derived from a myriad of sources including financial institutions, FinTech apps, and payment intermediaries. We review how these detailed data have been utilized in finance and economics research and the benefits they enable beyond more traditional measures of income, spending, and wealth. We discuss the future potential for this flexible class of data in firm-focused research, real-time policy analysis, and macro statistics.

JEL-codes: C81 D14 G5 H31 (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-cwa, nep-isf, nep-mac and nep-pay
Note: AP CF PE
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Citations: View citations in EconPapers (2)

Published as Scott R. Baker & Lorenz Kueng, 2022. "Household Financial Transaction Data," Annual Review of Economics, vol 14(1), pages 47-67.

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Journal Article: Household Financial Transaction Data (2022)
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