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The aim is to examine how social networks affect access to borrowing from formal sources among older households in India.

Social networks and borrowing decisions: evidence from Indian older households

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Reveals how social networks influence borrowing from formal sources in older households, highlighting implications for vulnerable groups.

The aim is to examine how social networks affect access to borrowing from formal sources among older households in India.
Analyzed data from the Longitudinal Aging Study in India (LASI) 2017-18.
Focused on older households with at least one member aged 45 and above.
Utilized a Heckman sample selection model to address sample selection bias.
Stronger social networks increase the likelihood of borrowing from formal sources.
Bridging networks are more significant for spreading financial information than bonding networks.
The impact of social networks on borrowing varies by geographical location and caste, particularly benefiting rural households and scheduled castes.

Yashika Chugh (2025) studied this question.

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