农户收入差距、社会资本与借贷偏好——基于CFPS的微观经验证据

Households' Income Inequality, Social Capital and Credit Preferences——Microcosmic Empirical Evidence based on CFPS

本文使用中国家庭追踪调查(CFPS)2014年的3898户农户的数据,运用多元有序Probit模型研究了收入差距、社会资本及其交互作用对中国农村地区农户借贷偏好的影响,为从供给侧角度改善农村金融供给提供了证据。研究结果表明,我国农村地区整体更偏好于非正规金融机构,收入差距的扩大则显著增强了农户对银行等正规金融机构的偏好,社会资本不仅降低了农户对银行等正规机构的借贷偏好,而且削弱了收入差距扩大情况下农户对正规金融机构的偏好。

Using the data of 3898 rural households from the China Household Panel Survey（CFPS） in 2014,this paper uses an ordered Probit model to study the impact of income inequality,social capital and their interactions on rural households＇ credit preferences. And that also provides some evidences to improve the rural financial supply from the supply side. The results show that the rural areas of China are more preferential to the informal financial institutions,and the widening of the income gap significantly enhances the preference of farmers for the formal financial institutions such as banks. Social capital not only reduces the farmers＇ preference for borrowing from banks,but also reduces the households＇ preference for formal financial institutions with widening income inequality.