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How Much For Cash?: Tackling The Cash-In-Hand Culture In The European Property And Construction Sector, Colin C. Williams, Sara Nadin, Jan Windebank
How Much For Cash?: Tackling The Cash-In-Hand Culture In The European Property And Construction Sector, Colin C. Williams, Sara Nadin, Jan Windebank
Colin C Williams
Purpose – The purpose of this paper is to explain the cash-in-hand consumer culture in the property
and construction sector. The conventional assumption has been that consumers using cash-in-hand
transactions are rational economic actors doing so simply to save money. Here, this is evaluated
critically.
Design/methodology/approach – To do this, evidence from a 2007 Eurobarometer survey
involving 26,659 face-to-face interviews in 27 European Union member states is reported.
Findings – The finding is that saving money is the sole motive of consumers in just 38 per cent of
cash-in-hand transactions in the European property and construction sector, one of several …