Table 20 OLS regression results of contactless debit 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 debit | − 0.062** | (0.026) | − 0.047* | (0.025) | − 0.043* | (0.024) |
log(income) | − 0.021* | (0.012) | − 0.011 | (0.012) | − 0.011 | (0.011) |
Interest rate | − 0.041** | (0.016) | − 0.032** | (0.013) | − 0.029** | (0.012) |
Education | ||||||
High school | − 0.015 | (0.071) | − 0.048 | (0.077) | − 0.033 | (0.072) |
Some college | − 0.017 | (0.069) | − 0.050 | (0.075) | − 0.039 | (0.070) |
College | − 0.041 | (0.070) | − 0.066 | (0.076) | − 0.051 | (0.071) |
Post graduate | − 0.036 | (0.070) | − 0.071 | (0.076) | − 0.057 | (0.072) |
Employment | ||||||
Working | − 0.011 | (0.032) | − 0.005 | (0.030) | − 0.015 | (0.029) |
Retired | − 0.057 | (0.037) | − 0.035 | (0.035) | − 0.045 | (0.034) |
Other | 0.019 | (0.029) | 0.025 | (0.028) | 0.021 | (0.027) |
Marital status | ||||||
Single | 0.095* | (0.051) | 0.087* | (0.050) | 0.089** | (0.044) |
Married | 0.060 | (0.043) | 0.054 | (0.044) | 0.049 | (0.037) |
Separated | 0.037 | (0.047) | 0.037 | (0.047) | 0.039 | (0.040) |
Age | ||||||
25–34 | 0.047 | (0.064) | 0.065 | (0.065) | 0.066 | (0.060) |
35–44 | 0.092 | (0.067) | 0.097 | (0.067) | 0.101 | (0.062) |
45–54 | 0.117* | (0.065) | 0.124* | (0.065) | 0.123** | (0.061) |
55–64 | 0.143** | (0.066) | 0.143** | (0.066) | 0.143** | (0.062) |
> 65 | 0.183** | (0.072) | 0.173** | (0.071) | 0.180*** | (0.067) |
Ethnicity | ||||||
White | − 0.020 | (0.066) | − 0.043 | (0.066) | − 0.060 | (0.065) |
Black | 0.030 | (0.074) | 0.007 | (0.074) | − 0.008 | (0.073) |
Latino | 0.009 | (0.027) | 0.005 | (0.027) | 0.008 | (0.026) |
Other | 0.042 | (0.080) | 0.020 | (0.078) | − 0.006 | (0.077) |
Other | ||||||
Male | 0.066*** | (0.018) | 0.064*** | (0.017) | 0.056*** | (0.017) |
HH members | 0.003 | (0.007) | 0.001 | (0.007) | − 0.001 | (0.007) |
CC revolver | − 0.054*** | (0.016) | − 0.054*** | (0.015) | − 0.046*** | (0.015) |
Home owner | − 0.059*** | (0.020) | − 0.057*** | (0.020) | -0.059*** | (0.020) |
Rel. characteristics | ||||||
Security | − 0.003 | (0.011) | − 0.006 | (0.010) | ||
Setup | 0.038* | (0.022) | 0.027 | (0.022) | ||
Acceptance | − 0.065** | (0.033) | − 0.063** | (0.031) | ||
Costs | 0.071*** | (0.027) | 0.066*** | (0.026) | ||
Records | 0.008 | (0.016) | 0.004 | (0.015) | ||
Convenience | 0.115*** | (0.024) | 0.113*** | (0.022) | ||
Withdrawal method | ||||||
Bank teller | 0.024 | (0.021) | ||||
Check casher | 0.129 | (0.170) | ||||
Cashback | − 0.083*** | (0.019) | ||||
Employer | 0.210*** | (0.077) | ||||
Family | − 0.097 | (0.060) | ||||
Other | − 0.087* | (0.046) | ||||
Constant | 0.455** | (0.191) | 0.507*** | (0.191) | 0.503*** | (0.173) |
R 2 | 0.084 | 0.132 | 0.170 | |||
Individuals | 1476 | 1464 | 1464 | |||