变量

stock_rate

deposit_rate

deposit_rate

risk_rate

number

age

3.999***

1.640***

1.583***

3.518***

0.010***

(8.39)

(3.74)

(21.35)

(8.56)

(3.46)

age^2/100

−3.670***

−0.051

−2.825***

−0.008***

(−8.31)

(−0.13)

(−7.53)

(−3.19)

gender

−6.833***

1.820

1.809

−9.836***

−0.037**

(−2.87)

(0.73)

(0.73)

(−4.53)

(−2.47)

married

4.824

14.543***

14.644***

10.641***

0.020

(1.42)

(4.53)

(4.70)

(3.50)

(0.89)

edu

7.099***

2.593***

2.590***

7.755***

0.011***

(20.63)

(9.13)

(9.15)

(26.19)

(5.97)

know

12.248***

−7.245**

−7.247**

14.974***

0.023*

(5.54)

(−2.41)

(−2.41)

(7.01)

(1.85)

happiness

−7.804***

7.168***

7.157***

−6.061***

−0.013

(−5.81)

(5.76)

(5.76)

(−5.04)

(−1.55)

hpop

−2.612***

−4.231***

−4.225***

−5.422***

−0.009

(−2.98)

(−5.71)

(−5.72)

(−6.90)

(−1.60)

wealth

0.000***

0.000***

0.000***

0.000***

0.000***

(14.01)

(5.72)

(5.74)

(19.57)

(6.97)

total_income

0.000***

0.000***

0.000***

0.000***

0.000***

(5.90)

(3.27)

(3.26)

(12.04)

(3.61)

social_inter

0.000

0.000***

0.000***

0.000***

0.000

(1.22)

(3.67)

(3.67)

(3.42)

(0.27)

rural

−69.637***

−17.494***

−17.467***

−75.985***

−0.044

(−13.82)

(−7.00)

(−7.01)

(−19.20)

(−1.25)

east

9.650***

16.897***

16.883***

12.886***

0.035**

(3.56)

(6.97)

(6.97)

(5.30)

(2.10)

west

3.124

−6.832**

−6.845**

6.191**

0.025

(0.95)

(−2.36)

(−2.37)

(2.12)

(1.23)

Constant

−282.994***

−222.696***

−221.254***

−273.324***

−0.229***

(−18.58)

(−16.33)

(−27.19)

(−20.88)

(−2.69)

Observations

27,108

27,108

27,108

27,108

27,108

Pseudo R-squared

0.0815

0.0144

0.0144

0.0864