How to become a cashless economy and what are the determinants of eliminating cash
Visualitza/Obre
Autor/a
Raya, Josep Maria
Vargas, Claudia
Data de publicació
2022-04-04Resum
This paper aims to ascertain the determinants by which individuals decide to use credit cards as a payment method rather than cash; that is, to understand changes in socioeconomic factors on the long-term use of alternatives to cash. Using the data from the waves (2002–2017) of the Spanish Survey of Household Finances (SSHF) and a panel data estimation (static and dynamic), we identify education, age, income and wealth as the main drivers of credit cards as a payment method. We disentangle the effect of age and the cohort effect. We check for nonlinearity problems and card use persistence. A secondary aim is to establish, using a controlled experiment, some of the financial consequences of being a cashless economy.
Tipus de document
Article
Citació
Raya JM, Vargas C. How to become a cashless economy and what are the determinants of eliminating cash. J Appl Econ. 2022 Apr 4;25(1):543-562. DOI: 10.1080/15140326.2022.2052000
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© 2022 Raya JM, Vargas C. Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/ licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Excepte que s'indiqui una altra cosa, la llicència de l'ítem es descriu com http://creativecommons.org/licenses/by/4.0/