(1)

2010

(2)

2014

(3)

2016

(4)

2018

Online social network

0.346***

0.471***

0.369***

0.243***

(0.027)

(0.031)

(0.033)

(0.022)

Consumption loan

0.200***

0.069*

0.141***

0.140***

(0.028)

(0.041)

(0.048)

(0.039)

Online social network * Consumption loan

0.072

0.064

0.146**

0.075*

(0.062)

(0.072)

(0.072)

(0.046)

Age

0.003

0.013**

0.016**

0.009**

(0.004)

(0.006)

(0.007)

(0.004)

Age2

−5.13e−05

−0.0002***

−0.0002**

−0.000***

(0.000)

(0.000)

(0.000)

(0.000)

Gender

−0.043**

−0.038

−0.118***

0.006

(0.019)

(0.024)

(0.026)

(0.004)

Edu

0.174***

0.062***

0.141***

0.005**

(0.008)

(0.007)

(0.011)

(0.002)

Health

0.004

−0.004

−0.001

0.019***

(0.009)

(0.011)

(0.011)

(0.008)

Marry

0.264***

0.271***

0.282***

0.055***

(0.028)

(0.035)

(0.038)

(0.009)

Employ

0.002

0.106***

0.191***

0.041***

(0.020)

(0.029)

(0.031)

(0.008)

Familysize

0.123***

0.145***

0.145***

0.198***

(0.007)

(0.008)

(0.008)

(0.005)

Ln_income

0.168***

0.170***

0.199***

0.431***

(0.020)

(0.032)

(0.027)

(0.009)

Cons

9.077***

9.706***

9.617***

5.795***

(0.136)

(0.190)

(0.231)

(0.156)

N

5698

4031

3984

6114

R-sq

0.346

0.317

0.320

0.461