(1)

(2)

(3)

Ln_finc

Ln_fincome_per

Ln_fincome

Pioneered

0.1468***

0.1655***

(0.0365)

(0.0253)

Bussniss

0.3238***

(0.0478)

Age

0.0287***

0.0320***

0.0389***

(0.0077)

(0.0063)

(0.0064)

Agesquare

−0.0005***

−0.0004***

−0.0005***

(0.0001)

(0.0001)

(0.0001)

Gender

0.1292***

0.0794***

0.0670***

(0.0349)

(0.0246)

(0.0250)

Edu

0.1322***

0.1345***

0.1253***

(0.0150)

(0.0113)

(0.0113)

Spouse

0.3553***

0.0536

0.2441***

(0.0574)

(0.0413)

(0.0426)

Health

−0.0062

−0.0039

−0.0038

(0.0121)

(0.0078)

(0.0079)

Hukou

−0.4170***

−0.4145***

−0.4045***

(0.0596)

(0.0426)

(0.0433)

Ln_houseasset_gross

0.1169***

0.1178***

0.1267***

(0.0117)

(0.0102)

(0.0103)

Ln_cash

0.0505***

0.0387***

0.0384***

(0.0039)

(0.0027)

(0.0028)

Familysize

0.1297***

−0.0851***

0.1436***

(0.0096)

(0.0064)

(0.0072)

Cons

7.2065***

7.8682***

7.8977***

(0.7493)

(0.2981)

(0.3059)

地区固定效应

YES

YES

YES

观测数

5,926

5,926

5,926

R²

0.2748

0.2716

0.3629