Household Financial Transaction Data

Scott R. Baker, Lorenz Kueng

Research output: Contribution to journalReview articlepeer-review

1 Scopus citations


The growth of the availability and use of detailed household financial transaction micro data has dramatically expanded the ability of researchers to understand both household decision making and aggregate economic fluctuations across a wide range of fields. This class of transaction data is derived from a myriad of sources, including financial institutions, FinTech apps, and payment intermediaries. We review how these detailed data have been utilized in finance and economics research and analyze both their benefits and limitations as compared to more traditional measures of income, spending, and wealth. Finally, we discuss the future potential of this flexible class of data in firm-focused research, real-time policy analysis, and macro statistics.

Original languageEnglish (US)
Pages (from-to)47-67
Number of pages21
JournalAnnual Review of Economics
StatePublished - 2022

ASJC Scopus subject areas

  • Economics and Econometrics


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