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 12 Sample summary statistics

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

	Entire sample			Credit cards			Debit cards
				I	N-I	t test	I	N-I	t test
Variable	Mean	SD	N	Mean	Mean	Mean diff.	Mean	Mean	Mean diff.
Income (in 1000)
< 25	0.202	0.402	5645	0.140	0.209	− 0.060***	0.302	0.189	0.115***
25–49	0.28	0.449	5645	0.253	0.283	− 0.029	0.285	0.280	− 0.004
50–74	0.199	0.4	5645	0.201	0.199	0.003	0.169	0.203	− 0.035
75–99	0.13	0.336	5645	0.133	0.129	0.001	0.097	0.134	− 0.038**
100–124	0.084	0.278	5645	0.090	0.084	0.004	0.058	0.088	− 0.027*
125–199	0.076	0.264	5645	0.111	0.072	0.037**	0.053	0.078	− 0.024*
> 200	0.029	0.169	5645	0.072	0.025	0.044***	0.037	0.029	− 0.012
Education
< High school	0.042	0.2	5660	0.058	0.040	0.025	0.059	0.040	0.019
High school	0.379	0.485	5660	0.250	0.393	− 0.132***	0.461	0.368	0.098**
Some college	0.278	0.448	5660	0.277	0.278	− 0.010	0.274	0.279	− 0.015
College	0.171	0.377	5660	0.198	0.168	0.022	0.145	0.174	− 0.026
Post graduate	0.13	0.336	5660	0.216	0.121	0.095***	0.060	0.138	− 0.076***
Employment
Working	0.648	0.478	5546	0.709	0.641	0.070***	0.733	0.637	0.099***
Retired	0.208	0.406	5546	0.196	0.209	− 0.015	0.126	0.218	− 0.088***
Unemployed	0.062	0.242	5546	0.045	0.064	− 0.018	0.080	0.060	0.020
Other	0.175	0.38	5660	0.140	0.178	− 0.041**	0.158	0.177	− 0.022
Marital status
Single	0.142	0.349	5660	0.110	0.145	− 0.030*	0.209	0.134	0.047
Married	0.659	0.474	5660	0.674	0.657	0.010	0.610	0.664	− 0.027
Separated	0.147	0.354	5660	0.145	0.148	− 0.005	0.166	0.145	0.016
Widowed	0.052	0.222	5660	0.072	0.050	0.025*	0.015	0.056	− 0.036***
Age
< 25	0.045	0.206	5660	0.052	0.044	0.006	0.085	0.040	0.031
25–34	0.152	0.359	5660	0.119	0.155	− 0.031	0.245	0.139	0.095**
35–44	0.169	0.375	5660	0.228	0.163	0.066**	0.165	0.170	− 0.004
45–54	0.246	0.431	5660	0.242	0.246	− 0.010	0.271	0.243	0.041
55–64	0.182	0.386	5660	0.141	0.186	− 0.042**	0.114	0.190	− 0.071***
> 65	0.207	0.405	5660	0.219	0.206	0.012	0.120	0.218	− 0.092***
Ethnicity
White	0.765	0.424	5660	0.740	0.768	− 0.029	0.588	0.787	− 0.201***
Black	0.142	0.349	5660	0.076	0.149	− 0.070***	0.198	0.133	0.065**
Asian	0.031	0.174	5660	0.104	0.024	0.074***	0.058	0.028	0.038**
Latino	0.093	0.29	5660	0.113	0.091	0.023	0.180	0.081	0.107***
Other	0.062	0.241	5660	0.081	0.060	0.025	0.155	0.051	0.098**
Others
Male	0.452	0.498	5660	0.434	0.454	− 0.026	0.507	0.445	0.050
HH members	1.276	1.566	5660	0.975	1.307	− 0.353***	1.619	1.237	0.368**
Revolver	0.419	0.493	5602	0.499	0.410	0.086***	0.339	0.429	− 0.078**
Home owner	0.71	0.454	5607	0.752	0.706	0.055*	0.499	0.737	− 0.223***

N-I and I denote non-innovators and innovators, respectively. HH refers to household. The minimum numbers equal zero for every variable. Survey weights used. t tests of mean differences of innovators and non-innovators 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

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