Credit Rating and Income Gap among Rural Households:Tracking Research Based on Quasi-natural Experiment
Based on the basic system of farmers'credit rating in China,this paper discusses the mitigation effect of credit rating on the expansion of farmers'internal income gap,and further analyzes the differences in the impact of different institutional arrangements.At the same time,tak-ing the opportunity of household-by-household rating in the experimental area,this paper makes an empirical test based on the survey data of farmers in Hunan Province.The results show that credit rating has a significant inhibitory effect on the growth of the village's Gini coefficient,while it has a significant promoting effect on the growth of income proportion of low-income house-holds.The test mechanism finds that compared with high-income farmers,credit rating has a more significant positive impact on improving the credit demand and availability of low-income farm-ers.In terms of institutional arrangements,the effect of credit rating is enhanced under the institu-tional arrangements of high participation of the two village committees and preferential interest rates binding to the rating.Based on this,we believe that rural financial institutions should be en-couraged to carry out farmers'credit rating in practice,paying attention to the positive effect of the two village committees in alleviating market information asymmetry,and considering binding the rating with preferential interest rates,so as to achieve the"universality"and"benefit"of rural finance and promote common prosperity.
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