Purchase patterns, socioeconomic status, and political inclination
Dong, Xiaowen and Jahani, Eaman and Morales, Alfredo J. and Bozkaya, Burçin and Lepri, Bruno and Pentland, Alex 'Sandy' (2020) Purchase patterns, socioeconomic status, and political inclination. World Bank Economic Review, 34 (Supplement: 1). S9-S13. ISSN 0258-6770 (Print) 1564-698X (Online)
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Official URL: http://dx.doi.org/10.1093/wber/lhz008
This paper analyzes millions of credit card transaction records during several months for tens of thousands of individuals from two different countries. The study shows that, purchase patterns are strongly correlated with important societal indices such as socioeconomic status and political inclination. The results suggest the possibility of understanding and predicting the evolution of such societal indices from purchase behavioral patterns, potentially at high temporal and spatial resolutions.
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