| (1) | (2) | (3) | |
| Ln_fincome | Ln_fincome | Ln_fincome | |
| Pioneered | 0.0893*** | 0.1396*** | 0.1396*** |
| (0.0286) | (0.0244) | (0.0257) | |
| Age | 0.0413*** | 0.0414*** | |
| (0.0063) | (0.0064) | ||
| Agesquare | −0.0005*** | −0.0005*** | |
| (0.0001) | (0.0001) | ||
| Gender | 0.0746*** | 0.0737*** | |
| (0.0256) | (0.0251) | ||
| Edu | 0.1301*** | 0.1260*** | |
| (0.0115) | (0.0114) | ||
| Spouse | 0.2621*** | 0.2573*** | |
| (0.0427) | (0.0428) | ||
| Health | −0.0029 | −0.0035 | |
| (0.0081) | (0.0079) | ||
| Hukou | −0.4432*** | −0.4086*** | |
| (0.0435) | (0.0432) | ||
| Ln_houseasset_gross | 0.1491*** | 0.1287*** | |
| (0.0106) | (0.0104) | ||
| Ln_cash | 0.0424*** | 0.0394*** | |
| (0.0028) | (0.0028) | ||
| Familysize | 0.1389*** | 0.1491*** | |
| (0.0069) | (0.0072) | ||
| Cons | 10.4441*** | 7.1640*** | 7.7076*** |
| (0.0217) | (0.2018) | (0.3069) | |
| 地区固定效应 | NO | NO | YES |
| 观测数 | 6,150 | 5,926 | 5,926 |
| R2 | 0.0013 | 0.3393 | 0.3603 |