Identifying and Evaluating Sample Selection Bias in Consumer Payment Surveys

Marcin Hitczenko

No 2015-07, Consumer Payments Research Data Reports from Federal Reserve Bank of Atlanta

Abstract: This paper develops a two-stage statistical analysis to identify and assess the effect of a sample selection bias associated with an individual’s household role. The methodology is applied to the 2012 Survey of Consumer Payment Choice. Survey responses to a series of questions about the respondent’s role in household finances are combined and adjusted for response error to estimate a latent variable that represents each individual’s share of household responsibility. The distribution of this variable among survey respondents suggests that the sampling procedure favors household members with higher levels of financial responsibility. We also find that the estimated household role relates to the number of noncash payments made. As a result, estimators that do not account for the selection bias overestimate population means for these payment instruments by around 10 percent. We discuss ways to account for this selection bias in future surveys.

Keywords: survey error; household economics; Dirichlet regression; Survey of Consumer Payment Choice (search for similar items in EconPapers)
JEL-codes: C11 D12 D13 (search for similar items in EconPapers)
Pages: 32
Date: 2015-11-23
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Working Paper: Identifying and evaluating sample selection bias in consumer payment surveys (2015)
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