How to become a cashless economy and what are the determinants of eliminating cash
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Fecha de publicación
2022-04-04Resumen
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.
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Artículo
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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.
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