The impact of contactless payment on cash usage at an early stage of diffusion

Trütsch, Tobias

doi:10.1186/s41937-020-00050-0

Swiss Journal of Economics and Statistics

Table 10 First-year demographics of stayers vs. attritors

From: The impact of contactless payment on cash usage at an early stage of diffusion

	Stayers			Attritors			t test
Variable	Mean	SD	N	Mean	SD	N	Mean diff.
Income (in 1000)
< 25	0.185	0.389	1128	0.181	0.386	1039	− 0.026
0.3 cm 25–49	0.358	0.480	1128	0.313	0.464	1039	− 0.014
50–74	0.219	0.414	1128	0.251	0.434	1039	0.029
75–99	0.132	0.338	1128	0.116	0.321	1039	− 0.025
100–124	0.037	0.188	1128	0.061	0.239	1039	0.026**
125–199	0.049	0.216	1128	0.052	0.223	1039	0.009
> 200	0.021	0.142	1128	0.025	0.158	1039	0.001
Education
< High school	0.046	0.209	1132	0.078	0.268	1041	0.023
High school	0.432	0.496	1132	0.343	0.475	1041	− 0.072*
Some college	0.265	0.442	1132	0.292	0.455	1041	0.033
College	0.168	0.374	1132	0.193	0.395	1041	0.015
Post graduate	0.089	0.285	1132	0.093	0.291	1041	0.002
Employment
Working	0.789	0.408	1018	0.753	0.431	959	− 0.036
Retired	0.119	0.324	1018	0.168	0.374	959	0.050**
Unemployed	0.019	0.135	1018	0.005	0.074	959	− 0.013*
Other	0.062	0.242	1132	0.064	0.245	1041	− 0.001
Marital status
Single	0.200	0.400	1132	0.195	0.396	1041	0.003
Married	0.622	0.485	1132	0.641	0.480	1041	0.019
Separated	0.134	0.340	1132	0.120	0.325	1041	− 0.021
Widowed	0.044	0.206	1132	0.044	0.206	1041	− 0.001
Age
< 25	0.099	0.299	1132	0.157	0.364	1040	0.047
25–34	0.178	0.383	1132	0.188	0.391	1040	0.026
35–44	0.186	0.389	1132	0.177	0.382	1040	− 0.013
45–54	0.239	0.427	1132	0.154	0.361	1040	− 0.095***
55–64	0.135	0.342	1132	0.156	0.363	1040	0.015
> 65	0.161	0.368	1132	0.167	0.373	1040	0.021
Ethnicity
White	0.733	0.443	1132	0.750	0.433	1041	0.035
Black	0.139	0.346	1132	0.098	0.298	1041	− 0.064**
Asian	0.036	0.187	1132	0.030	0.171	1041	− 0.0001
Latino	0.133	0.34	1132	0.168	0.374	1041	0.037
Other	0.092	0.289	1132	0.122	0.327	1041	0.031
Others
Male	0.485	0.500	1132	0.480	0.500	1041	0.004
HH members	1.316	1.528	1132	1.331	1.584	1041	0.034
Revolver	0.403	0.491	1122	0.403	0.491	1019	− 0.015
Home owner	0.671	0.470	1129	0.693	0.462	1018	0.058

HH refers to household. Survey weights used. t tests of mean differences of stayers and attritors are displayed. Differences may stray from true values due to rounding and weighting. Significance levels are denoted as ***p <0.01, **p <0.05, *p <0.1. Variables are displayed for 2009. Stayers participate five years in a row. Attritors participate in 2009 but not in all 5 years

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