Influence of Health Shocks on Farmers' Participation in Private Lending-Empirical Evidence from CHARLS Data

Abstract

Abstract: This paper, based on 6220 farmers' family samples of 25 provinces by China Health and Retirement Longitudinal Study(CHARLS) in 2013 and using the Logit Model, has empirically analyzed the impact of health shocks on farmers' participation in private lending.The results are as follows:First,different health shocks have different effect on farmers' participation in private lending.The chronic health shocks have no significant influence on farmers' participation, but the acute health shocks have a positive impact on it. Second, the effects of different health shocks on farmers' participation are different in terms of age and marriage.In the respect of age difference, chronic health shocks have no influence on both the old and the middle-aged farmers' participation in private lending.Acute health shocks have a positive effect on the middle-aged farmers' participation, but no significant impact on the old farmers' participation. In the respect of marriage difference, chronic health shocks have no significant influence on both the married and the unmarried farmers' participation. Acute health shocks have no impact on the unmarried farmers' participation, but have a positive effect on the married farmers' participation in private lending.

Key words: chronic health shocks, acute health shocks, private lending, CHARLS

CLC Number:

F832

YANG Qing, MA Chao, LIU Wei-zhong. Influence of Health Shocks on Farmers' Participation in Private Lending-Empirical Evidence from CHARLS Data[J]. , 2016(02): 80-89.

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