Abstract Adopting the data of CFPS 2014 and both Biprobit and Tobit models, this paper analyzes the influence of labor migration experience on rural households’ formal and informal credit. Then it tests its robustness using PSM model. Study finds that: the labor migration experience doesn’t show any positive impact on the formal credit availability for farmers. However, the social network, human capital and technology brought by labor migration have formed “implicit guarantee” of farmers, which makes it easier for them to obtain informal credit. In addition, the experience doesn’t improve the formal credit volume for farmers, but it can significantly increase the volume of informal credit.
BANG Ji-Chun,TAN Yan-Zhi,ZHANG Zi-Hao. Influence of Labor Migration Experience on Formal and Informal Credit for Rural Households——An Empirical Analysis Based on Micro Data from CFPS 2014. Economic Survey, 2018, 35(2): 027.
2018, Vol. 35 
