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 credit | − 0.723 | (0.667) | − 0.611 | (0.619) | − 0.455 | (0.607) |
log(income) | − 0.816 | (0.543) | − 0.880 | (0.547) | − 0.804* | (0.456) |
Interest rate | − 0.216 | (0.345) | − 0.210 | (0.358) | − 0.132 | (0.360) |
Education | ||||||
High school | − 4.241 | (3.365) | − 1.537 | (1.920) | − 1.858 | (1.803) |
Some college | − 5.073 | (3.278) | − 2.369 | (1.795) | − 2.621 | (1.742) |
College | − 4.302 | (3.217) | − 1.714 | (1.846) | − 1.946 | (1.754) |
Post graduate | − 4.301 | (3.332) | − 1.636 | (1.965) | − 1.938 | (1.811) |
Employment | ||||||
Working | 1.685* | (0.999) | 0.957 | (0.691) | 0.671 | (0.637) |
Retired | 0.782 | (1.170) | − 0.390 | (0.587) | − 0.386 | (0.603) |
Other | 0.341 | (1.032) | − 0.550 | (0.606) | − 0.591 | (0.597) |
Marital status | ||||||
Single | − 0.181 | (2.167) | − 0.463 | (2.130) | − 0.464 | (2.148) |
Married | − 1.721 | (1.933) | − 2.179 | (1.859) | − 2.166 | (1.873) |
Separated | − 2.621 | (2.038) | − 2.909 | (2.016) | − 2.781 | (2.041) |
Age | ||||||
25–34 | − 1.942 | (2.781) | − 2.190 | (2.776) | − 1.676 | (2.410) |
35–44 | − 0.964 | (2.584) | − 0.989 | (2.533) | − 0.581 | (2.246) |
45–54 | − 0.614 | (2.681) | − 1.013 | (2.552) | − 0.614 | (2.277) |
55–64 | − 1.012 | (2.581) | − 1.166 | (2.455) | − 0.866 | (2.181) |
> 65 | − 0.767 | (2.692) | − 1.088 | (2.424) | − 0.561 | (2.153) |
Ethnicity | ||||||
White | 0.788 | (1.041) | 0.950 | (1.092) | 0.587 | (0.952) |
Black | 4.407** | (1.840) | 3.045** | (1.532) | 2.715* | (1.474) |
Latino | 0.314 | (0.633) | 0.484 | (0.573) | 0.409 | (0.587) |
Other | 5.129** | (2.397) | 5.319** | (2.460) | 4.874** | (2.155) |
Other | ||||||
Male | 0.985* | (0.586) | 0.728 | (0.509) | 0.578 | (0.463) |
HH members | − 0.103 | (0.197) | − 0.133 | (0.203) | − 0.104 | (0.200) |
CC revolver | − 0.636 | (0.429) | − 0.519 | (0.433) | − 0.455 | (0.451) |
Home owner | − 1.527** | (0.773) | − 1.125* | (0.628) | − 0.962 | (0.670) |
Rel. characteristics | ||||||
Security | 0.131 | (0.287) | 0.051 | (0.285) | ||
Setup | − 0.098 | (0.729) | − 0.098 | (0.718) | ||
Acceptance | − 0.937 | (0.777) | − 0.971 | (0.735) | ||
Costs | − 0.547 | (0.661) | − 0.370 | (0.586) | ||
Records | − 0.029 | (0.423) | − 0.109 | (0.406) | ||
Convenience | 0.456 | (0.702) | 0.510 | (0.701) | ||
Withdrawal method | ||||||
Bank teller | − 0.394 | (0.524) | ||||
Check casher | 14.496 | (11.068) | ||||
Cashback | − 0.019 | (0.759) | ||||
Employer | 1.186 | (1.587) | ||||
Family | − 0.932 | (1.013) | ||||
Other | 2.537 | (1.799) | ||||
Constant | 18.501*** | (6.682) | 17.340*** | (6.624) | 16.594*** | (5.579) |
R 2 | 0.092 | 0.086 | 0.111 | |||
Individuals | 1464 | 1452 | 1452 |