Table 14 OLS regression results of contactless debit on usual cash withdrawn
From: The impact of contactless payment on cash usage at an early stage of diffusion
(1) | (2) | (3) | ||||
|---|---|---|---|---|---|---|
Variable | b | se | b | se | b | se |
Contactless debit | − 0.289 | (15.510) | 1.223 | (15.558) | 9.603 | (14.638) |
log(income) | 30.668*** | (6.243) | 35.371*** | (6.236) | 37.663*** | (6.382) |
Interest rate | − 6.450 | (11.468) | − 5.359 | (10.789) | − 1.879 | (9.476) |
Education | ||||||
High school | − 23.307 | (32.287) | − 22.802 | (34.366) | − 14.868 | (36.797) |
Some college | − 13.768 | (33.322) | − 12.553 | (35.593) | − 9.257 | (37.827) |
College | − 32.630 | (33.807) | − 27.787 | (36.219) | − 18.655 | (38.716) |
Post graduate | − 9.745 | (35.788) | − 5.694 | (37.963) | 3.112 | (40.608) |
Employment | ||||||
Working | − 24.510* | (13.185) | − 23.680* | (13.460) | − 24.508** | (12.242) |
Retired | 3.974 | (23.963) | 8.098 | (23.549) | 9.707 | (23.396) |
Other | 31.836** | (15.398) | 35.356** | (15.511) | 33.521** | (15.309) |
Marital status | ||||||
Single | − 35.054 | (34.424) | − 32.225 | (33.655) | − 32.793 | (30.590) |
Married | − 57.853* | (32.409) | − 58.531* | (31.351) | − 59.349** | (29.342) |
Separated | − 27.270 | (34.134) | − 22.438 | (33.636) | − 16.686 | (30.905) |
Age | ||||||
25–34 | 15.708 | (19.864) | 21.953 | (20.344) | 36.273** | (18.138) |
35–44 | 12.183 | (22.272) | 15.325 | (22.446) | 35.682* | (19.596) |
45–54 | 38.522* | (22.684) | 36.575 | (22.859) | 40.826** | (19.913) |
55–64 | 37.198 | (25.172) | 31.414 | (25.512) | 35.368 | (22.644) |
> 65 | 44.811 | (31.841) | 30.574 | (32.932) | 32.553 | (30.558) |
Ethnicity | ||||||
White | − 20.823 | (44.223) | − 22.444 | (44.902) | − 28.547 | (44.897) |
Black | 1.536 | (47.930) | − 4.914 | (48.348) | − 9.532 | (48.363) |
Latino | 23.581 | (15.556) | 18.363 | (14.851) | 20.854 | (14.828) |
Other | − 26.397 | (46.944) | − 27.731 | (47.925) | − 33.294 | (47.947) |
Other | ||||||
Male | 25.788*** | (9.225) | 27.224*** | (9.187) | 22.361** | (8.901) |
HH members | 0.623 | (4.312) | − 0.164 | (4.309) | − 1.601 | (4.375) |
CC revolver | − 41.239*** | (9.468) | − 38.696*** | (9.623) | − 30.571*** | (9.314) |
Home owner | 17.635 | (12.448) | 17.170 | (12.158) | 12.646 | (11.296) |
Rel. characteristics | ||||||
Security | 19.551*** | (7.470) | 13.900** | (6.843) | ||
Setup | − 18.688* | (11.126) | − 32.062*** | (10.874) | ||
Acceptance | 22.779 | (16.298) | 22.936 | (16.708) | ||
Costs | − 1.600 | (13.078) | − 1.383 | (12.515) | ||
Records | 13.805 | (8.518) | 5.961 | (8.191) | ||
Convenience | 37.822*** | (11.228) | 33.467*** | (10.451) | ||
Withdrawal method | ||||||
Bank teller | 83.496*** | (14.043) | ||||
Check casher | 211.711*** | (59.847) | ||||
Cashback | − 59.936*** | (7.464) | ||||
Employer | 105.128** | (40.819) | ||||
Family | 10.774 | (29.041) | ||||
Other | 98.630** | (45.704) | ||||
Constant | − 154.078* | (89.384) | − 130.316 | (90.949) | − 209.598** | (94.679) |
R 2 | 0.083 | 0.112 | 0.208 | |||
Individuals | 1464 | 1452 | 1452 | |||