Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228255
Authors: 
Shy, Oz
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 2020-3
Abstract: 
Low-income consumers are not only constrained with spending, but also with the type and variety of payment methods available to them. Using a representative sample of the U.S. adult population, this paper analyzes the low possession (adoption) of credit and debit cards among lowincome consumers who are also unbanked. Using a random utility model, I estimate the potential welfare gains associated with policy options suggested in the literature to provide subsidized and unsubsidized debit cards to this consumer population.
Subjects: 
consumer payment choice
household income
financial inclusion
unbanked consumers
random utility analysis
JEL: 
D9
E42
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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