Table 16 OLS regression results of contactless debit on number of withdrawals
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 | 1.043 | (1.299) | 0.028 | (0.899) | 0.156 | (0.863) |
log(income) | − 0.840 | (0.546) | − 0.905 | (0.553) | − 0.820* | (0.457) |
Interest rate | − 0.232 | (0.354) | − 0.212 | (0.359) | − 0.134 | (0.362) |
Education | ||||||
High school | − 4.155 | (3.334) | − 1.417 | (1.916) | − 1.775 | (1.778) |
Some college | − 4.972 | (3.227) | − 2.250 | (1.775) | − 2.536 | (1.705) |
College | − 4.213 | (3.171) | − 1.613 | (1.835) | − 1.873 | (1.726) |
Post graduate | − 4.218 | (3.283) | − 1.551 | (1.963) | − 1.876 | (1.793) |
Employment | ||||||
Working | 1.622* | (0.961) | 0.935 | (0.687) | 0.653 | (0.630) |
Retired | 0.796 | (1.158) | − 0.368 | (0.589) | − 0.362 | (0.608) |
Other | 0.279 | (0.972) | − 0.540 | (0.606) | − 0.592 | (0.596) |
Marital status | ||||||
Single | − 0.137 | (2.173) | − 0.458 | (2.130) | − 0.450 | (2.147) |
Married | − 1.700 | (1.933) | − 2.170 | (1.859) | − 2.154 | (1.873) |
Separated | − 2.652 | (2.035) | − 2.923 | (2.017) | − 2.788 | (2.042) |
Age | ||||||
25–34 | − 2.019 | (2.755) | − 2.189 | (2.748) | − 1.672 | (2.391) |
35–44 | − 0.903 | (2.610) | − 0.967 | (2.552) | − 0.546 | (2.265) |
45–54 | − 0.518 | (2.720) | − 0.976 | (2.575) | − 0.568 | (2.299) |
55–64 | − 0.943 | (2.608) | − 1.138 | (2.471) | − 0.827 | (2.195) |
> 65 | − 0.731 | (2.725) | − 1.092 | (2.448) | − 0.548 | (2.172) |
Ethnicity | ||||||
White | 0.900 | (1.025) | 1.006 | (1.084) | 0.641 | (0.945) |
Black | 4.444** | (1.815) | 3.140** | (1.553) | 2.783* | (1.495) |
Latino | 0.258 | (0.645) | 0.466 | (0.580) | 0.393 | (0.594) |
Other | 5.126** | (2.426) | 5.360** | (2.488) | 4.904** | (2.175) |
Other | ||||||
Male | 0.952 | (0.580) | 0.712 | (0.509) | 0.567 | (0.463) |
HH members | − 0.103 | (0.196) | − 0.130 | (0.201) | − 0.102 | (0.197) |
CC revolver | − 0.618 | (0.424) | − 0.523 | (0.437) | − 0.455 | (0.455) |
Home owner | − 1.463** | (0.742) | − 1.110* | (0.629) | − 0.943 | (0.669) |
Rel. characteristics | ||||||
Security | 0.131 | (0.284) | 0.048 | (0.281) | ||
Setup | − 0.131 | (0.745) | − 0.112 | (0.731) | ||
Acceptance | − 0.934 | (0.775) | − 0.972 | (0.730) | ||
Costs | − 0.509 | (0.658) | − 0.340 | (0.586) | ||
Records | − 0.040 | (0.423) | − 0.118 | (0.405) | ||
Convenience | 0.467 | (0.712) | 0.521 | (0.710) | ||
Withdrawal method | ||||||
Bank teller | − 0.397 | (0.521) | ||||
Check casher | 14.577 | (11.053) | ||||
Cashback | 0.005 | (0.762) | ||||
Employer | 1.233 | (1.576) | ||||
Family | − 0.869 | (1.015) | ||||
Other | 2.551 | (1.801) | ||||
Constant | 18.355*** | (6.748) | 17.354*** | (6.673) | 16.527*** | (5.613) |
R 2 | 0.093 | 0.085 | 0.110 | |||
Individuals | 1464 | 1452 | 1452 | |||