Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81925
Authors: 
Segendorf, Björn
Jansson, Thomas
Year of Publication: 
2012
Series/Report no.: 
Sveriges Riksbank Working Paper Series 262
Abstract: 
We estimate the social and private costs of consumer-to-business payments in Sweden in 2009. The combined social cost for these payments was 0.68 per cent of GDP. At the point of sale, cash is socially less costly than debit cards for payments below EUR 1.88 (SEK 20) and credit cards below EUR 42.37 (SEK 450). The corresponding thresholds for the individual consumer are higher for debit cards and much lower for credit cards. Using unique survey data we show that consumers' payment behaviour is not consistent with what is socially optimal.
Subjects: 
Cash payments
Card payments
Credit transfers
Direct debits
Social costs
Private costs
JEL: 
D12
D23
D24
Document Type: 
Working Paper

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