Table 24 FE regression results of contactless debit on number of withdrawals

Contactless debit

− 0.904*

(0.502)

− 0.942

(0.634)

− 0.941

(0.625)

log(income)

0.186

(0.131)

0.151

(0.186)

0.179

(0.185)

Interest rate

0.180

(0.119)

0.195

(0.164)

0.171

(0.165)

Education

High school

1.397***

(0.281)

1.366***

(0.319)

1.794***

(0.345)

Some college

1.176

(1.763)

− 5.620

(5.910)

− 5.640

(6.675)

College

2.032

(1.993)

− 4.699

(6.010)

− 4.814

(6.763)

Post graduate

2.141

(1.893)

− 4.665

(6.004)

− 4.771

(6.758)

Employment

Working

− 0.171

(0.258)

0.112

(0.322)

0.096

(0.310)

Retired

− 0.442

(0.322)

− 0.378

(0.616)

− 0.231

(0.605)

Other

− 0.149

(0.215)

− 0.178

(0.312)

− 0.246

(0.310)

Marital status

Single

− 0.182

(0.864)

0.729

(1.050)

0.685

(1.027)

Married

− 0.925

(0.578)

− 0.718

(0.591)

− 0.725

(0.562)

Separated

− 1.370

(0.845)

− 1.189

(0.922)

− 1.201

(0.909)

Age

25–34

0.377

(0.443)

− 0.167

(0.892)

− 0.220

(0.916)

35–44

0.675

(0.567)

0.491

(0.947)

0.490

(0.948)

45–54

0.880

(0.687)

0.472

(1.085)

0.444

(1.075)

55–64

0.779

(0.743)

0.408

(1.155)

0.337

(1.145)

> 65

0.612

(0.841)

0.215

(1.268)

0.033

(1.255)

Other

HH members

0.074

(0.093)

0.125

(0.116)

0.108

(0.113)

CC revolver

0.127

(0.199)

− 0.033

(0.249)

− 0.054

(0.244)

Home owner

− 0.034

(0.391)

0.040

(0.472)

0.048

(0.461)

Rel. characteristics

Security

0.054

(0.084)

0.027

(0.083)

Setup

− 0.056

(0.191)

− 0.086

(0.189)

Acceptance

− 0.168

(0.224)

− 0.140

(0.212)

Costs

0.098

(0.168)

0.103

(0.166)

Records

0.098

(0.128)

0.060

(0.126)

Convenience

0.118

(0.128)

0.112

(0.126)

Withdrawal method

Bank teller

− 0.550**

(0.215)

Check casher

− 0.631

(0.392)

Cashback

0.276

(0.302)

Employer

1.804*

(0.964)

Family

0.017

(0.448)

Other

1.824***

(0.566)

Constant

− 0.233

(2.324)

5.909

(5.481)

5.619

(6.049)

R ²

0.008

0.015

0.041

Observations

3882

3090

3089

Individuals

906

900

899