WHY DO PEOPLE USE DEBIT CARDS: EVIDENCE FROM CHECKING ACCOUNTS.

Debit cards are the fastest growing consumer payment method despite being more expensive and less versatile than credit cards. In this paper, we investigate some of the oft cited explanations for debit card use. Checking account data shows that debit card use is correlated with age, pay frequency, o...

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Detalles Bibliográficos
Publicado en:Economic Inquiry Vol. 51; no. 4; pp. 1986 - 2002
Autor principal: FUSARO, MARC ANTHONY
Formato: Artículo
Publicado: Wiley-Blackwell Oct2013
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        au: FUSARO, MARC ANTHONY
        affil: Fusaro: Assistant Professor, College of Business, Arkansas Tech University, Russellville, AR 72801. Phone 1 ‐ 479 ‐ 968 ‐ 0688, Fax 1 ‐ 479 ‐ 356 ‐ 6211, E ‐ mail
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        United States
        Consumer behavior
        Debit cards
        Overdrafts
        Checking accounts
        Automated teller machines
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          Consumer behavior
          United States
          Other Building Equipment Contractors
          All other building equipment contractors
          Computer and peripheral equipment manufacturing
          Computer Terminal and Other Computer Peripheral Equipment Manufacturing
          Office and store machinery and equipment merchant wholesalers
          Office Equipment Merchant Wholesalers
          Other financial transactions processing and clearing house activities
          Debit cards
          Overdrafts
          Checking accounts
          Automated teller machines
      ab: Debit cards are the fastest growing consumer payment method despite being more expensive and less versatile than credit cards. In this paper, we investigate some of the oft cited explanations for debit card use. Checking account data shows that debit card use is correlated with age, pay frequency, overdrafting, and ATM use, but not income, gender, crime, or expenditure. The data contain some signs that debit cards might be used as a method of spending restraint. (JEL D14, G21, L14 )
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