Table 2 Variable statistical description.
Type | Variables | Definitions and Assignments | Mean | Min | Max |
|---|---|---|---|---|---|
Explained variables | S_poverty | Whether the household is in relative poverty in the current period: Yes = 1; No = 0 | 0.2552 | 0 | 1 |
D_poverty | Whether the household will be in relative poverty in the future (whether it is vulnerable to poverty): Yes = 1; No = 0 | 0.2357 | 0 | 1 | |
Explanatory variable | HIFI | Household inclusive finance index (/) | 21.9653 | 0 | 60.9589 |
Control variables | head_age | Actual age (in years) | 55.2389 | 18 | 117 |
head_gen | Gender: Male = 1; Female = 0 | 0.8451 | 0 | 1 | |
head_mar | Married: Other = 1; Unmarried = 0 | 0.9687 | 0 | 1 | |
head_edu | Education: No schooling = 1; Elementary school = 2; Junior high school = 3; High school = 4; Junior college/vocational high school = 5; College/high school = 6; Undergraduate college = 7; Master’s degree = 8; Doctoral degree = 9 | 2.6965 | 1 | 9 | |
head_hea | Health: Very bad = 1; bad = 2; fair = 3; good = 4; very good = 5 | 3.2163 | 1 | 5 | |
house_siz | Total household size (number of persons) | 2.7319 | 1 | 11 | |
house_deb | Amount of total household debt (in ten thousand yuan) | 3.6215 | 0 | 63.5251 | |
\({house\_dep}\) | The ratio of elderly to child dependency in the household (%) | 44.6546 | 0 | 100 | |
\(p{gdp}\) | Per capita GDP of each province for the year (in ten thousand yuan) | 5.9736 | 2.7643 | 13.4241 | |
\(f{in}\) | The ratio of loans to deposits in financial institutions of each province for the year (%) | 144.5441 | 87.2618 | 248.3115 | |
\(l{iv}\) | Percentage of fiscal expenditure on agriculture, forestry, and water utilities of each province for the year (%) | 11.5360 | 4.3526 | 18.9663 | |
N | 38,322 | ||||
