Table 3.
The benchmark regression result.
| Variables | (1) | (2) |
|---|---|---|
| Insurance | −0.052*** | −0.022*** |
| (0.008) | (0.006) | |
| Gender | 0.035*** | |
| (0.006) | ||
| Educ | −0.027*** | |
| (0.003) | ||
| Marriage | 0.017** | |
| (0.007) | ||
| Retirement | −0.133*** | |
| (0.008) | ||
| Outlook | 0.004*** | |
| (0.040) | ||
| Size | −0.043*** | |
| (0.001) | ||
| Cash | −0.058*** | |
| (0.001) | ||
| Satisfaction | 0.003 | |
| (0.003) | ||
| Happiness | −0.005*** | |
| (0.001) | ||
| Condition | −0.006 | |
| (0.004) | ||
| Internet | −0.104*** | |
| (0.018) | ||
| Constant | 0.564*** | 1.344*** |
| (0.006) | (0.023) | |
| Observations | 4,521 | 4,521 |
| R-squared | 0.010 | 0.487 |
***
p ≤ 0.01; Standard errors are in parentheses.