Table 21 FE regression results of contactless credit on usual cash withdrawn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 credit | 6.766 | (8.994) | 6.855 | (11.044) | 8.906 | (9.824) |
log(income) | 14.122** | (5.529) | 13.766** | (6.516) | 13.252** | (6.046) |
Interest rate | − 7.159 | (4.711) | − 6.441 | (6.039) | − 7.647 | (5.589) |
Education | ||||||
High school | 43.406*** | (14.167) | 122.086*** | (14.509) | 85.841*** | (15.074) |
Some college | 32.472 | (34.641) | 89.550** | (38.303) | 54.721* | (33.044) |
College | 12.856 | (40.084) | 77.117* | (44.403) | 48.044 | (37.261) |
Post graduate | 108.020 | (96.184) | 158.726 | (114.876) | 129.450 | (103.538) |
Employment | ||||||
Working | 0.219 | (7.063) | 1.280 | (8.799) | − 6.703 | (8.585) |
Retired | 16.541* | (9.485) | 2.175 | (15.467) | 2.803 | (12.956) |
Other | 11.452 | (9.673) | − 5.453 | (11.630) | − 2.332 | (9.974) |
Marital status | ||||||
Single | − 13.859 | (26.602) | 23.607 | (20.204) | 19.462 | (16.548) |
Married | − 32.397 | (24.074) | − 4.865 | (12.767) | − 1.174 | (10.759) |
Separated | − 64.106** | (32.425) | − 39.145 | (27.394) | -32.862 | (26.563) |
Age | ||||||
25–34 | − 2.776 | (24.980) | − 54.813 | (50.620) | − 42.631 | (31.037) |
35–44 | 7.863 | (31.520) | − 43.913 | (56.847) | − 30.950 | (38.648) |
45–54 | 30.710 | (33.577) | − 29.556 | (58.464) | − 20.446 | (40.516) |
55–64 | 22.564 | (36.222) | − 54.677 | (60.666) | − 43.059 | (43.378) |
> 65 | 22.965 | (38.734) | − 63.749 | (63.070) | − 54.154 | (46.441) |
Other | ||||||
HH members | 1.347 | (4.757) | − 0.497 | (5.104) | − 0.563 | (4.871) |
CC revolver | − 8.449 | (5.819) | − 7.186 | (7.256) | − 4.161 | (6.674) |
Home owner | − 0.779 | (10.929) | − 6.971 | (13.889) | − 6.730 | (13.816) |
Rel. characteristics | ||||||
Security | − 4.807 | (3.289) | − 4.943 | (3.177) | ||
Setup | 11.827** | (5.155) | 6.380 | (5.042) | ||
Acceptance | 2.090 | (9.564) | 2.860 | (8.746) | ||
Costs | − 4.646 | (7.541) | − 6.628 | (7.101) | ||
Records | − 6.953 | (5.380) | − 4.379 | (4.876) | ||
Convenience | − 4.244 | (7.456) | − 3.704 | (7.332) | ||
Withdrawal method | ||||||
Bank teller | 59.979*** | (11.149) | ||||
Check casher | 167.391*** | (56.741) | ||||
Cashback | − 32.326*** | (7.362) | ||||
Employer | 96.928** | (42.046) | ||||
Family | − 19.688 | (19.508) | ||||
Other | 93.385*** | (27.951) | ||||
Constant | − 68.904 | (73.526) | − 84.921 | (93.207) | − 74.108 | (80.500) |
R 2 | 0.012 | 0.016 | 0.088 | |||
Observations | 3592 | 2865 | 2865 | |||
Individuals | 853 | 845 | 845 | |||