Table 8.

Determination ofHousehold Financial Vulnerability: Financial Margin. This table shows financial margin (financial asset minus debt) as determination of financial vulnerability using SNRT 2017 for cross-section and SNRT 2016 and 2017 for panel data. Coping strategies only shown in cross-section regression due to data availability. To note, M.E: Marginal Effect, S.E: Standard Error and Significance level ∗∗∗p ​< ​0.01, ∗∗p ​< ​0.05, ∗p ​< ​0.1.

Dependent Variables: Financial Margin	SNRT 2017		SNRT 2016–2017
	M.E.	S.E.	M.E.	S.E.
Debt to Income Ratio	−0.003∗∗∗	(0.000)	−0.002∗∗∗	(0.000)
Consumption Credit to Total Credit Ratio	−0.002∗∗∗	(0.000)	−0.002∗∗∗	(0.000)
Household Income (Log)	0.589∗∗∗	(0.023)	0.562∗∗∗	(0.017)
Land Price (Log)	0.063∗∗∗	(0.010)	0.070∗∗∗	(0.006)
Bank Savings Ownership Dummy	0.452∗∗∗	(0.042)	0.431∗∗∗	(0.028)
Home/Land Ownership Dummy	2.397∗∗∗	(0.061)	2.345∗∗∗	(0.045)
Jewelry Ownership Dummy	0.306∗∗∗	(0.038)	0.304∗∗∗	(0.028)
Age of Head of Household	0.017∗∗∗	(0.001)	0.015∗∗∗	(0.001)
Household Size (household budget)	−0.040∗∗∗	(0.010)	−0.020∗∗∗	(0.007)
Financial Assistance Recipient	−0.052	(0.036)	0.008	(0.026)
Overseas Remittance Recipient	−0.075	(0.121)	−0.109	(0.124)
Average savings account per household	0.216∗∗∗	(0.038)	0.419∗∗∗	(0.033)
Coping Strategies Dummy Variables (on the basis of savings withdrawal)
Minimizing Expenditures	−0.192∗∗∗	(0.045)
Selling goods	−0.074	(0.056)
Work longer	−0.337∗∗∗	(0.076)
Extra work	−0.196∗∗∗	(0.068)
Borrow Food from friends or neighbors	−0.232∗∗∗	(0.052)
Borrow from Employer	−0.141	(0.127)
Pawn of Goods	−0.132	(0.111)
Borrow from traditional microfinance (arisan)	−0.093	(0.166)
Home Equity Loan	−0.084	(0.412)
Loan Takeover	−0.067	(0.653)
Credit Cards	0.123	(0.919)
Bank Loan	−0.008	(0.113)
Loan from Work	−0.301	(-0.198)
Borrow informally/loan sharks	−0.972∗∗	(0.412)
Unpaid Claims	−0.742∗∗	(0.378)
IKNB Loans	−0.158	(0.413)
Others	−0.19	(0.183)
Observation Total	3.624		6.450