Table 3 Variables in the equation... | Emerald Publishing

Table 3

Variables in the equation

Variable	Code/values	Denoted as
Mobile banking status	No mobile bank account Mobile bank account	Mobile banking status
Age	Continuous variable	Age
Age squared	Square term	Age squared
Bank trust	No Yes	Bank trust
Education	Primary school High School/Matriculation Tertiary education	Education
Ethnicity	Black, Coloured, Asian, White	Ethnicity
Gender	Male Female	Gender
Location	Urban Rural	Location
Living standards measure	LSM 1–2, LSM 3–4, LSM 5–6, LSM 7–8 LSM 9–10	LSM
Marital status	Unmarried Married/Living with a partner	Marital status
Monthly personal income	No income R1 – R1,999 R2,000 – R5,999 R6,000 and above	Income
Time (year)	2006, 2010, 2012, 2016	Year
Region	Western Cape, Eastern Cape, Northern Cape, Free State, KwaZulu-Natal, North West, Gauteng, Mpumalanga and Limpopo	Region

Variable	Code/values	Denoted as
Mobile banking status	No mobile bank accountMobile bank account	Mobile banking status
Age	Continuous variable	Age
Age squared	Square term	Age squared
Bank trust	NoYes	Bank trust
Education	Primary schoolHigh School/MatriculationTertiary education	Education
Ethnicity	Black, Coloured, Asian, White	Ethnicity
Gender	MaleFemale	Gender
Location	UrbanRural	Location
Living standards measure	LSM 1–2, LSM 3–4, LSM 5–6, LSM 7–8LSM 9–10	LSM
Marital status	UnmarriedMarried/Living with a partner	Marital status
Monthly personal income	No incomeR1 – R1,999R2,000 – R5,999R6,000 and above	Income
Time (year)	2006, 2010, 2012, 2016	Year
Region	Western Cape, Eastern Cape, Northern Cape, Free State, KwaZulu-Natal, North West, Gauteng, Mpumalanga and Limpopo	Region

Source(s): Authors’ own work compiled from FinScope Household Surveys (2006, 2010, 2012 and 2016)