connections are larger in Table 7 than in Tables 3 and 4. Other
important results of the hump-shaped pattern of the effect of
household income and the Engel coefficient on life insurance
demand remain stable. Moreover, the coefficients on education,
return on education, financial assets, stock, and deposit remain
consistent with the results using the full sample.
In sum, the empirical regularities observed in this paper apply
throughout China, with the underdeveloped areas being no
exception.
connections are larger in Table 7 than in Tables 3 and 4. Otherimportant results of the hump-shaped pattern of the effect ofhousehold income and the Engel coefficient on life insurancedemand remain stable. Moreover, the coefficients on education,return on education, financial assets, stock, and deposit remainconsistent with the results using the full sample.In sum, the empirical regularities observed in this paper applythroughout China, with the underdeveloped areas being noexception.
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