Credit Behaviors of Rural Households in the Perspective of Complex Social Networks

Table 2

Definition of variables and descriptive statistics.

Variables	Definition	Mean	Standard deviation	Min	Max
Social network	The sum of gift-money expenditure and income	7.906	1.339	0	12.612
Emotional network	The exchange of gift-money between parents, children, and other relatives	0.068	0.794	0	11.617
Instrumental network	The exchange of gift-money between peers, work partners and other friends	5.937	3.602	0	12.612
Formal credit	The actual amount borrowed from banks and other financial institutions	0.965	3.144	0	17.727
Informal credit	The actual amount borrowed from relatives, friends, and informal institutions	4.171	5.104	0	16.705
Household credit behavior	Whether to extend credit: yes = 1, no = 0;
	Credit amount: the sum of formal credit and informal credit	4.665	5.277	0	17.727
Gender	Male = 1, female = 0	0.471	0.499	0	1
Age	Survey year minus birth year	37.845	12.901	16	60
Health	Good = 1, bad = 0	0.843	0.363	0	1
Education	Level of education	3.110	1.436	1	9
Marriage	Married = 1, others = 0	0.754	0.430	0	1
Job	Employed = 1, others = 0	0.688	0.463	0	1
Politics	Party of CPC = 1, others = 0	0.020	0.142	0	1
Risk attitude	Risk aversion = 0, risk neutral = 1, risk preference = 2	0.416	0.676	0	2
Family size	Number of family members	1.794	0.406	1	3
Family income	Total household income	10.411	1.359	0	15.424