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Financial Behaviors of Young Parents
Research using anonymized bank transaction data reveals differences in financial behaviors between young mothers and fathers after childbirth, highlighting the potential of this method for economic analysis.
Dutch
Netherlands
Labour MarketNetherlandsEnergy SecurityFinanceEconomicsResearchGenderData
University Of CopenhagenIcelandic BankAbn AmroBbvaUniversitat Pompeu Fabra
Arna OlafssonSandra PhlippenJosé Garcia-MontalvoAlvaro Ortiz
- What methodology was used in the research, and why was it chosen over traditional methods?
- The study uses anonymized bank transaction data to analyze spending habits, offering a more accurate reflection of actual behavior than traditional surveys.
- How did the COVID-19 pandemic impact the use of bank transaction data in economic research?
- The COVID-19 pandemic accelerated the use of bank transaction data for economic research due to the rapid and unpredictable shifts in consumer behavior.
- What measures are in place to address privacy concerns related to the use of bank transaction data?
- Privacy concerns are addressed through rigorous anonymization processes and strict data protection protocols, ensuring confidentiality while facilitating valuable research.
- What are some of the applications and benefits of using bank transaction data for economic research?
- Researchers from various European and US banks and universities are collaborating to leverage transaction data for economic research, providing faster and more precise insights into economic trends.
- How do young parents manage their finances after having a child, and are there differences between men and women?
- After childbirth, women tend to use their savings more, while men continue saving. Women also increase their consumer credit after having a child, unlike men.