变量

stock_rate

deposit_rate

risk_rate

number

Ro60

−7.140**

52.104***

8.427***

0.052

(−2.55)

(19.75)

(3.43)

(1.30)

total_income

0.000***

0.000***

0.000***

0.000***

(5.64)

(4.53)

(12.00)

(6.05)

Ro60* total_income

0.000**

0.000***

0.000***

0.000***

(1.99)

(5.66)

(3.96)

(2.67)

Control variables

YES

YES

YES

YES

Constant

−176.843***

−147.588***

−171.392***

−2.361***

(−23.26)

(−23.08)

(−26.16)

(−21.55)

Observations

27,108

27,108

27,108

27,108

Pseudo R-squared

0.0796

0.0137

0.0851