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 | − 0.011 | (0.027) | − 0.013 | (0.030) | − 0.013 | (0.030) |
log(income) | − 0.007 | (0.013) | 0.007 | (0.015) | 0.006 | (0.015) |
Interest rate | 0.013 | (0.010) | 0.013 | (0.011) | 0.013 | (0.011) |
Education | ||||||
High school | 0.268*** | (0.069) | 0.358*** | (0.030) | 0.346*** | (0.033) |
Some college | 0.308** | (0.127) | 0.536*** | (0.102) | 0.522*** | (0.103) |
College | 0.160 | (0.140) | 0.288** | (0.119) | 0.277** | (0.119) |
Post graduate | 0.155 | (0.166) | 0.281** | (0.137) | 0.271** | (0.135) |
Employment | ||||||
Working | − 0.011 | (0.016) | − 0.000 | (0.018) | − 0.002 | (0.019) |
Retired | − 0.005 | (0.019) | − 0.026 | (0.027) | − 0.027 | (0.027) |
Other | − 0.000 | (0.020) | − 0.036 | (0.025) | − 0.035 | (0.025) |
Marital status | ||||||
Single | 0.040 | (0.060) | 0.031 | (0.065) | 0.033 | (0.064) |
Married | 0.008 | (0.046) | 0.037 | (0.050) | 0.039 | (0.050) |
Separated | 0.026 | (0.052) | 0.067 | (0.054) | 0.068 | (0.054) |
Age | ||||||
25–34 | − 0.073 | (0.073) | − 0.296*** | (0.102) | − 0.298*** | (0.102) |
35–44 | − 0.058 | (0.078) | − 0.287*** | (0.105) | − 0.289*** | (0.105) |
45–54 | − 0.090 | (0.081) | − 0.320*** | (0.108) | − 0.323*** | (0.108) |
55–64 | − 0.130 | (0.083) | − 0.364*** | (0.111) | − 0.365*** | (0.111) |
> 65 | − 0.099 | (0.087) | − 0.375*** | (0.114) | − 0.375*** | (0.114) |
Other | ||||||
HH members | − 0.004 | (0.007) | 0.006 | (0.008) | 0.006 | (0.008) |
CC revolver | − 0.006 | (0.013) | − 0.017 | (0.015) | − 0.016 | (0.015) |
Home owner | − 0.034 | (0.022) | − 0.032 | (0.028) | − 0.032 | (0.028) |
Rel. characteristics | ||||||
Security | − 0.008 | (0.006) | − 0.008 | (0.006) | ||
Setup | 0.023* | (0.013) | 0.023* | (0.013) | ||
Acceptance | − 0.009 | (0.016) | − 0.009 | (0.016) | ||
Costs | 0.011 | (0.016) | 0.011 | (0.016) | ||
Records | 0.010 | (0.009) | 0.011 | (0.009) | ||
Convenience | − 0.003 | (0.013) | − 0.003 | (0.013) | ||
Withdrawal method | ||||||
Bank teller | 0.017 | (0.017) | ||||
Check casher | 0.003 | (0.041) | ||||
Cashback | − 0.015 | (0.015) | ||||
Employer | 0.002 | (0.039) | ||||
Family | − 0.009 | (0.032) | ||||
Other | − 0.004 | (0.027) | ||||
Constant | 0.304 | (0.192) | 0.229 | (0.206) | 0.251 | (0.207) |
R 2 | 0.013 | 0.033 | 0.035 | |||
Observations | 3556 | 2860 | 2858 | |||
Individuals | 852 | 846 | 845 |