Table 19 OLS regression results of contactless credit on cash share volume
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 | − 0.053** | (0.025) | − 0.052** | (0.024) | − 0.059** | (0.023) |
log(income) | − 0.019 | (0.012) | − 0.009 | (0.012) | − 0.008 | (0.011) |
Interest rate | − 0.041*** | (0.016) | − 0.032** | (0.013) | − 0.029** | (0.012) |
Education | ||||||
High school | − 0.026 | (0.073) | − 0.062 | (0.077) | − 0.047 | (0.071) |
Some college | − 0.026 | (0.071) | − 0.062 | (0.075) | − 0.052 | (0.070) |
College | − 0.049 | (0.071) | − 0.076 | (0.076) | − 0.063 | (0.070) |
Post graduate | − 0.042 | (0.071) | − 0.080 | (0.076) | − 0.067 | (0.072) |
Employment | ||||||
Working | − 0.012 | (0.032) | − 0.004 | (0.031) | − 0.013 | (0.029) |
Retired | − 0.059 | (0.038) | − 0.036 | (0.035) | − 0.047 | (0.034) |
Other | 0.013 | (0.030) | 0.021 | (0.029) | 0.017 | (0.028) |
Marital status | ||||||
Single | 0.097* | (0.051) | 0.091* | (0.051) | 0.092** | (0.044) |
Married | 0.059 | (0.044) | 0.055 | (0.044) | 0.049 | (0.037) |
Separated | 0.037 | (0.047) | 0.038 | (0.047) | 0.040 | (0.040) |
Age | ||||||
25–34 | 0.042 | (0.065) | 0.063 | (0.065) | 0.064 | (0.060) |
35–44 | 0.093 | (0.067) | 0.099 | (0.067) | 0.103* | (0.061) |
45–54 | 0.118* | (0.065) | 0.126* | (0.065) | 0.123** | (0.060) |
55–64 | 0.144** | (0.066) | 0.144** | (0.066) | 0.143** | (0.061) |
> 65 | 0.185*** | (0.072) | 0.177** | (0.070) | 0.183*** | (0.065) |
Ethnicity | ||||||
White | − 0.022 | (0.066) | − 0.046 | (0.066) | − 0.064 | (0.064) |
Black | 0.017 | (0.075) | − 0.005 | (0.074) | − 0.021 | (0.073) |
Latino | 0.008 | (0.027) | 0.004 | (0.027) | 0.008 | (0.026) |
Other | 0.034 | (0.081) | 0.014 | (0.078) | − 0.013 | (0.077) |
Other | ||||||
Male | 0.066*** | (0.018) | 0.064*** | (0.017) | 0.056*** | (0.017) |
HH members | 0.002 | (0.007) | 0.000 | (0.007) | − 0.001 | (0.007) |
CC revolver | − 0.053*** | (0.016) | − 0.053*** | (0.015) | − 0.045*** | (0.015) |
Home owner | − 0.058*** | (0.020) | − 0.057*** | (0.020) | − 0.059*** | (0.019) |
Rel. characteristics | ||||||
Security | − 0.005 | (0.011) | − 0.008 | (0.010) | ||
Setup | 0.043* | (0.022) | 0.032 | (0.021) | ||
Acceptance | − 0.066** | (0.033) | − 0.064** | (0.031) | ||
Costs | 0.066** | (0.026) | 0.061** | (0.025) | ||
Records | 0.008 | (0.016) | 0.004 | (0.015) | ||
Convenience | 0.118*** | (0.024) | 0.116*** | (0.022) | ||
Withdrawal method | ||||||
Bank teller | 0.027 | (0.021) | ||||
Check casher | 0.126 | (0.170) | ||||
Cashback | − 0.086*** | (0.019) | ||||
Employer | 0.209*** | (0.078) | ||||
Family | − 0.101* | (0.060) | ||||
Other | − 0.088* | (0.046) | ||||
Constant | 0.442** | (0.189) | 0.499*** | (0.190) | 0.497*** | (0.171) |
R 2 | 0.083 | 0.134 | 0.173 | |||
Individuals | 1475 | 1463 | 1463 | |||