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22 October 2018 Research Supervision label Working Papers
For stakeholders in the payment system seeking to influence the usage of specific payment instruments, it is important to know what drives consumers choice of payment instrument. However, little is known about how the social environment influences payment behaviour. This study fills this gap by researching the relevance of peer effects for payment behaviour. We used the detailed payment diary data of Dutch consumers. Our findings show that payment behaviour is strongly influenced by the environment that people live in, especially when the environment is characterised by strong social cohesion. Hence, our study offers new insights into the diffusion of payment behaviour.

Keywords: payment diaries, payment behaviour, peer effects, consumer survey.
JEL classifications: A14, D12, D14, E42, E58, Z13.

Working paper no. 611

611 - Ctrl+C Ctrl+pay: Do people mirror payment behaviour of their peers?



  • Carin van der Cruijsen
  • Joris Knoben