Table 2 Regression analysis (N = 20800).
(Model1) | (Model2) | (Model3) | |
|---|---|---|---|
Financial Investment Products | Risk Attitude | Financial Investment Products | |
Housing Fund (no) | |||
Yes | 0.091*** (0.014) | 0.130** (0.050) | 0.081*** (0.0145) |
Risk Attitude (risk aversion) | |||
Fair | 0.209*** (0.012) | ||
Risk appetite | 0.353*** (0.019) | ||
Age | −0.013*** (0.000) | −0.040*** (0.002) | −0.116*** (0.004) |
Gender (female) | |||
Male | −0.043*** (0.009) | 0.135** (0.043) | −0.050*** (0.094) |
Marital Status (no) | |||
Yes | 0.098*** (0.012) | −0.129* (0.052) | 0.107*** (0.011) |
Education Attainment (below high school) | |||
High School | 0.195*** (0.009) | 0.346*** (0.041) | 0.182*** (0.009) |
Above High School | 0.255*** (0.017) | 0.516*** (0.061) | 0.225*** (0.017) |
Occupation (unemployment) | |||
Temporary Employment | −0.051* (0.011) | 0.025 (0.056) | −0.048*** (0.010) |
Formal Employment | 0.113*** (0.012) | 0.194*** (0.055) | 0.105*** (0.012) |
Employer | 0.191** (0.035) | 0.741*** (0.126) | 0.145*** (0.035) |
Health (bad) | |||
Fair | 0.091*** (0.011) | 0.236*** (0.063) | 0.085*** (0.011) |
Good | 0.118*** (0.012) | 0.282*** (0.066) | 0.111*** (0.012) |
The Status of the City (non-first-tier cities) | |||
First-tier cities | 0.111*** (0.014) | 0.041 (0.038) | 0.006*** (0.009) |
Annual Per Capita Income | 0.007*** (0.001) | 0.015*** (0.003) | 0.005*** (0.001) |
The Balance of Income and Expenditure “unbalanced) | |||
Balanced | −0.105*** (0.009) | −0.272*** (0.039) | −0.093*** (0.009) |
_cons | 1.184*** (0.029) | 1.039*** (0.029) | |
cut1 | −0.434 (0.139) | ||
cut2 | 1.152 (0.141) | ||
N | 20,800 | 20,800 | 20,800 |
R2 | 0.246 | 0.262 | |
