农户收入差距与融资渠道选择——来自中国家庭追踪调查的证据

Household Income Inequality and Borrowing Preferences:Evidences from the China Family Panel Studies

在理论分析的基础上,利用2014-2018年中国家庭追踪调查的数据,通过Probit模型等多种计量经济学方法,研究了农户收入差距对其融资渠道选择意愿的影响。结果发现:大部分农户偏好从非正规渠道融资,但该群体的比重在逐年减小;农户所在地区收入差距越大,农户从银行等正规金融渠道进行融资的现象越明显;随着社会资本的积累,农户选择从正规渠道融资的意愿会下降;中西部地区、从事农业生产经营以及相对收入较低的农户在面临收入差距扩大时,更偏好从正规渠道融资。研究结论能够为农村金融高质量发展,金融服务更好助力乡村振兴提供参考启示。

Based on theoretical analysis,this article uses data from the China Family Panel Studies(2014—2018)to study the impact of household income inequality on borrowing preferences through various econometric methods such as the Probit model.The results show that most farmers prefer to use informal channels,but the proportion of this group is decreasing year by year.The larger the in-come inequality between farmers,the more likely they are to borrow through formal channels.Social capital will weaken farmers’preference for formal channels caused by income inequality.Farmers in the central and western regions of China,engaged in agricultural production,and with relatively low incomes,are more inclined to borrow from formal channels when facing the widening income gap.The research conclusions can provide reference for the high-quality development of rural finance and the better contribution of financial services to rural revitalization.