Why Do People Use Debit Cards? Evidence From Checking Accounts
Document Type
Article
Publication Date
3-2013
Department
School of Business
Abstract
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.
DOI
https://doi.org/10.1111/ecin.12008
First Page
1986
Last Page
2001
Volume
51
Issue
4
ISSN
14657295
Recommended Citation
Fusaro, M. A. (2013). Why do people use debit cards? Evidence from checking accounts. Economic Inquiry 51(4), 1986-2001. https://doi.org/10.1111/ecin.12008