(1)

2010

(2)

2014

(3)

2016

(4)

2018

Online social network

0.294***

0.331***

0.347***

0.235***

(0.062)

(0.049)

(0.041)

(0.026)

Consumption loan

0.236***

0.210***

0.299***

0.222***

(0.021)

(0.031)

(0.033)

(0.029)

Online social network * Consumption loan

0.227**

0.170*

−0.257***

−0.053

(0.111)

(0.094)

(0.076)

(0.043)

Age

0.049***

0.025***

0.026***

0.005

(0.005)

(0.007)

(0.008)

(0.004)

Age2

−0.001***

−0.0004***

−0.0003***

−0.0001***

(0.000)

(0.000)

(0.000)

(0.000)

Gender

0.029

0.010

0.007

−0.009**

(0.025)

(0.026)

(0.028)

(0.005)

Edu

0.112***

0.028***

0.097***

0.004**

(0.009)

(0.008)

(0.013)

(0.002)

Health

0.008

0.006

0.029***

0.023***

(0.009)

(0.009)

(0.010)

(0.007)

Marry

0.294***

0.311***

0.269***

0.065***

(0.033)

(0.039)

(0.039)

(0.010)

Employ

−0.0001

−0.044

−0.041

0.043***

(0.020)

(0.035)

(0.036)

(0.009)

Familysize

0.123***

0.147***

0.135***

0.167***

(0.006)

(0.007)

(0.006)

(0.005)

Ln_income

0.154***

0.145***

0.172***

0.301***

(0.023)

(0.032)

(0.026)

(0.010)

Cons

7.922***

9.092***

8.760***

7.310***

(0.204)

(0.250)

(0.286)

(0.244)

N

6142

4497

4382

5741

R-sq

0.292

0.319

0.297

0.425