Year of Graduation
A Comparative Analysis of the Credit Behavior Factors in Russia in 2011 and 2014
Since the early 2000-s there has been an increasing tendency in consumer crediting in Russia. Firstly, this is due to the fact that there have been conducted many researches on the credit behavior, but they are dedicated, mainly, to consumption, savings behavior and credit as an economic phenomenon. Yet the studies on the credit behavior and its factors in the framework of economic sociology are quite rare in the Russian literature. Second, those studies which examine the behavior of credit in the economic and sociological sense, as a rule, consider either individuals or households at the time as an object of study, though these two aspects are interrelated. Finally, there is a controversy in the results of various statistical studies, the first half of which claims that Russia's population is getting more and more involved in the lending process and has a constantly increasing debt every year and the second shows, for example, that credit confidence index in Russia is below average and the percentage of planning to take a bank loan has been being reduced. The main goal of my paper is to follow the dynamics of the credit behavior in Russia in 2011 and 2014 and to compare its factors. The empirical part of the study is based on the RLMS-HSE data base which provides the representative data on the credit behavior both of households and individuals. The main method of objective solving is the method of binary logistic regression analysis. The results of the research have shown that the type of settlement, where respondent lives, the availability of work and age in 2011, as well as the presence or absence of children and the number of members of family in 2014, have the most significant direct impact on the credit behavior in Russia, and the level of education influences it indirectly.