The Peer Effects of the Usage of Credit Cards in Rural Areas of China: Evidence from Rural China

Table 1

Variable description.

	Abbrev	Variable	Definition
Explained variables	ccus	Usage of credit card	Whether farmers use credit cards, the corresponding question is “Do you use credit card? 1. Not used; 2. Used.” If you choose “1,” the value is 0; otherwise, it is 1.
Explanatory variables	pccu	Peer variables of usage of credit card	The average usage level of credit cards of other farmers in the same village except the sample farmers. The method is to add and average usage of credit cards of other farmers except the sample farmers.
Individual characteristics	tpay	Total household expenditure	The total household expenditure of the sample farmers, “What is the average total expenditure of your household in the past three years?” Unit: Yuan.
	tincome	Total household income	The household income of the sample farmers, “What is the average total income of your household in the past three years?”
	age	Age	The age of the sample farmers is corresponding to the question “What is your age?”
	sex	Sex	The gender of the sample farmers corresponds to the question “What is your gender? 1. Female; 2. Male.” If you select “1,” the value is 0; otherwise, it is 1.
	edu	Years of education	The education years of the sample farmers, corresponding to the question “What is your education level?” Calculate the education years of the sample farmers according to their education years.
	sc	Social capital	For the social capital of the sample farmers, the corresponding questions here are “Do you or your family work in government departments? 1. None; 2. I am; 3. Family is in,” “you or your family work in financial institutions? 1. None; 2. I am; 3. Family is in,” and “you or your family is a village cadre? 1. None; 2. I am; 3. Family is.” If you choose “1” for each question, the value is 0. If “2” is selected, the value is 1. If “3” is selected, the value is 2. Add the three question assignments to calculate the social capital of the sample farmers.
	tp	Family size	The household population of the sample farmers corresponds to the question “How much is your family?”
	loandemand	Loan demand	For the loan demand of the sample farmers, the corresponding question is “Do you have a loan demand? 1. No; 2. Yes.” If you select “1,” the value is 0; otherwise, it is 1.
Neighborhood characteristics	peersex	Peer variables of gender	The average gender status of other farmers in the same village except the sample farmer. The method is to average the gender of other interviewed farmers other than the sample farmer.
	peerage	Peer variables of age	The average age of other farmers in the same village except the sample farmer. The method is to add up and average age of the other farmer other than the sample farmer.
	peersc	Peer variables of social capital	The average social capital of other farmers in the same village except the sample farmer. The method is to add up and average the social capital of other interviewed farmers except the sample farmers.
	peeredu	Peer variables of years of education	The average years of education of other farmers in the same village except the sample farmers. The method is to add up and average the years of education of other interviewed farmers except the sample farmers.
	peertincome	Peer variables of family income	The average total income of other farmers in the same village except the sample farmer. The method is to add up and average the total income of other farmers other than the sample farmer. Unit: Yuan.
Community characteristics	cuntraffic	Village traffic situation	The traffic situation of the village where the sample is located. The corresponding question is the interview of the village committee director in the community questionnaire. The corresponding question is “What is the traffic situation of the village? 1. Not good; 2. Good.” If “1” is selected 0, otherwise 1.
	cunwifi	Network status	The wireless signal coverage status of the village where the sample is located. The corresponding question is the interview of the village committee director in the community questionnaire section. The corresponding question is “What is the network status of the village? 1. Not good; 2. Good.” If “1” is selected 0, the value is 0; otherwise, it is 1.
	pdistance	Distance from the provincial government	The distance from the village committee where the sample is located to the provincial people’s government, measured by Google Maps, unit: km.