Using data on existing debt and the ability to borrow money from both formal and informal sources, we construct a measure of household credit limits, which allows us to test separately the effects of wealth and credit limits.

• 如用从正规和非正规渠道得到的债务以及借款能力的数据,我们可以用来估计农户的信贷能力,并分别检验财富和信贷的影响。