We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys … United States). Our paper finds cross-country differences - for example, the level of cash use differs across countries. Cash … has not disappeared as a payment instrument, especially for low-value transactions. We also find that the use of cash is …

Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or "cash … average, each cash-using household pays $149 to card-using households and each card-using household receives $1,133 from cash … and card rewards would likely increase consumer welfare. -- Credit cards ; cash ; merchant fees ; rewards ; regressive …

U.S. consumers' demand for cash is estimated with new panel micro data for 2008-2010 using econometric methodology … zero, cash demand by consumers using credit cards for convenience (without revolving debt) has the same small, negative …, interest elasticity as estimated in earlier periods and with broader money measures. However, cash demand by consumers using …