How Gender-Specific Are Payments? A Study Based on Austrian Survey Data from 1996 to 2011

Klaus Forstner () and Karin Wagner ()
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Klaus Forstner: student at the Vienna University of Economics and Business
Karin Wagner: Oesterreichische Nationalbank, Economic Analysis Division

Monetary Policy & the Economy, 2014, issue 3, 36-53

Abstract: Based on payments surveys commissioned by the OeNB in 1996, 2000, 2005 and 2011, this study highlights patterns in consumer payment behavior in Austria with a view to establishing gender-specific patterns and changes thereof. While cash continues to dominate, we find that its use contracted to a share of roughly two-thirds in value terms in the review period. This decline was almost twice as large for women as for men (–24 percentage points versus –12 percentage points), thus more than offsetting the significantly higher cash payment volume of women observed in 1996 (90% versus 81%). By 2011, women were heavier users of debit cards than men, in terms of transactions as well as in terms of value. The higher tendency of women to use cashless payment systems evidently reflects safety concerns with cash. Women are also more risk averse than men in the sense that they are more likely to plan their monthly expenses and more likely to acknowledge the relevance of keeping an eye on what they spend.

JEL-codes: D12 E41 E58 J16 (search for similar items in EconPapers)
Date: 2014
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