An Empirical Analysis of Social Capital and Household Insurance Purchases in the Context of the Internet of Things: Evidence from China

Table 1

Composition of the variables in each dimension of social capital.

Variable	Definition
Dimension 1. Social networks
Gift expenditure ratio	The ratio of household expenditure on gifts to total household expenditure in the previous year
Entertainment expenditure ratio	The ratio of household expenditure on culture and entertainment to total household expenditure in the previous year
Communication expenditure ratio	The ratio of household expenditure on communication to total household expenditure in the previous year
Transportation expenditure ratio	The ratio of household expenditure on transportation to total household expenditure in the previous year
Tourism expenditure ratio	The ratio of household expenditure on tourism to total household expenditure in the previous year
Social networking on the Internet	1 if the household uses the Internet to socialize and 0 otherwise
Dimension 2. Trust
Trust	Does the respondent trust people whom he/she does not know? 1 if very trusting or relatively trusting and 0 if not trusting
Dimension 3. Participation
Party member	1 if the respondent is a member of the Communist Party and 0 otherwise
Job	1 if employed and 0 otherwise