	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)	(20)	(21)	(22)	(23)	(24)	(25)	(26)	(27)	(28)	(29)	(30)	(31)	(32)	(33)	(34)	(35)	(36)	(37)	(38)	(39)	(40)	(41)	(42)	(43)	(44)	(45)	(46)	(47)	(48)	(49)	(50)	(51)	(52)	(53)	(54)	(55)	(56)	(57)	(58)	(59)	(60)	(61)	(62)	(63)	(64)	(65)	(66)	(67)	(68)	(69)	(70)	(71)	(72)	(73)	(74)	(75)	(76)	(77)	(78)	(79)	(80)	(81)	(82)	(83)	(84)	(85)	(86)	(87)	(88)	(89)	(90)	(91)	(92)	(93)	(94)	(95)	(96)	(97)	(98)	(99)	(100)	(101)	(102)	(103)	(104)	(105)	(106)	(107)	(108)	(109)	(110)	(111)	(112)	(113)	(114)	(115)	(116)	(117)	(118)	(119)	(120)	(121)	(122)	(123)	(124)	(125)	(126)	(127)	(128)	(129)	(130)	(131)	(132)	(133)	(134)	(135)	(136)	(137)	(138)	(139)	(140)	(141)	(142)	(143)	(144)	(145)	(146)	(147)	(148)	(149)	(150)	(151)	(152)	(153)	(154)	(155)	(156)	(157)	(158)	(159)	(160)	(161)	(162)	(163)	(164)	(165)	(166)	(167)	(168)	(169)	(170)	(171)	(172)	(173)	(174)	(175)	(176)	(177)	(178)	(179)	(180)	(181)	(182)	(183)	(184)	(185)	(186)	(187)	(188)	(189)	(190)	(191)	(192)	(193)	(194)	(195)	(196)	(197)	(198)	(199)	(200)	(201)	(202)	(203)	(204)	(205)	(206)	(207)	(208)	(209)	(210)	(211)	(212)	(213)	(214)	(215)	(216)	(217)	(218)	(219)	(220)	(221)	(222)	(223)	(224)	(225)	(226)	(227)	(228)	(229)	(230)	(231)	(232)	(233)	(234)	(235)	(236)	(237)	(238)	(239)	(240)	(241)	(242)	(243)	(244)	(245)	(246)	(247)	(248)	(249)	(250)	(251)	(252)	(253)	(254)	(255)	(256)	(257)	(258)	(259)	(260)	(261)	(262)	(263)	(264)
VARIABLES	wzt ln_oe_L_2	wzt d_young ln_oe_L_2	wzt d_old ln_oe_L_2	wzt 4 ln_oe_L_2	wzt 5 ln_oe_L_2	wzt unrwz ln_oe_L_2	wzt unrwz ln_oe_L_2	wzt unrwz ln_oe_L_2	wzt ln_oe_K_2	wzt d_young ln_oe_K_2	wzt d_old ln_oe_K_2	wzt 4 ln_oe_K_2	wzt 5 ln_oe_K_2	wzt unrwz ln_oe_K_2	wzt unrwz ln_oe_K_2	wzt unrwz ln_oe_K_2	wzt ln_oe_M_2	wzt d_young ln_oe_M_2	wzt d_old ln_oe_M_2	wzt 4 ln_oe_M_2	wzt 5 ln_oe_M_2	wzt unrwz ln_oe_M_2	wzt unrwz ln_oe_M_2	wzt unrwz ln_oe_M_2	wzt ln_rts_2	wzt d_young ln_rts_2	wzt d_old ln_rts_2	wzt 4 ln_rts_2	wzt 5 ln_rts_2	wzt unrwz ln_rts_2	wzt unrwz ln_rts_2	wzt unrwz ln_rts_2	wzt ln_oe_L_2rts	wzt d_young ln_oe_L_2rts	wzt d_old ln_oe_L_2rts	wzt 4 ln_oe_L_2rts	wzt 5 ln_oe_L_2rts	wzt unrwz ln_oe_L_2rts	wzt unrwz ln_oe_L_2rts	wzt unrwz ln_oe_L_2rts	wzt ln_oe_K_2rts	wzt d_young ln_oe_K_2rts	wzt d_old ln_oe_K_2rts	wzt 4 ln_oe_K_2rts	wzt 5 ln_oe_K_2rts	wzt unrwz ln_oe_K_2rts	wzt unrwz ln_oe_K_2rts	wzt unrwz ln_oe_K_2rts	wzt ln_oe_M_2rts	wzt d_young ln_oe_M_2rts	wzt d_old ln_oe_M_2rts	wzt 4 ln_oe_M_2rts	wzt 5 ln_oe_M_2rts	wzt unrwz ln_oe_M_2rts	wzt unrwz ln_oe_M_2rts	wzt unrwz ln_oe_M_2rts	wzt ln_markup_2	wzt d_young ln_markup_2	wzt d_old ln_markup_2	wzt 4 ln_markup_2	wzt 5 ln_markup_2	wzt unrwz ln_markup_2	wzt unrwz ln_markup_2	wzt unrwz ln_markup_2	wzt ln_lab_markdown_2	wzt d_young ln_lab_markdown_2	wzt d_old ln_lab_markdown_2	wzt 4 ln_lab_markdown_2	wzt 5 ln_lab_markdown_2	wzt unrwz ln_lab_markdown_2	wzt unrwz ln_lab_markdown_2	wzt unrwz ln_lab_markdown_2	wzt ln_rm	wzt d_young ln_rm	wzt d_old ln_rm	wzt 4 ln_rm	wzt 5 ln_rm	wzt unrwz ln_rm	wzt unrwz ln_rm	wzt unrwz ln_rm	wzt ln_rk	wzt d_young ln_rk	wzt d_old ln_rk	wzt 4 ln_rk	wzt 5 ln_rk	wzt unrwz ln_rk	wzt unrwz ln_rk	wzt unrwz ln_rk	wzt ln_l	wzt d_young ln_l	wzt d_old ln_l	wzt 4 ln_l	wzt 5 ln_l	wzt unrwz ln_l	wzt unrwz ln_l	wzt unrwz ln_l	wzt ln_CS_lab	wzt d_young ln_CS_lab	wzt d_old ln_CS_lab	wzt 4 ln_CS_lab	wzt 5 ln_CS_lab	wzt unrwz ln_CS_lab	wzt unrwz ln_CS_lab	wzt unrwz ln_CS_lab	wzt ln_CS_mat	wzt d_young ln_CS_mat	wzt d_old ln_CS_mat	wzt 4 ln_CS_mat	wzt 5 ln_CS_mat	wzt unrwz ln_CS_mat	wzt unrwz ln_CS_mat	wzt unrwz ln_CS_mat	wzt ln_CS_kap	wzt d_young ln_CS_kap	wzt d_old ln_CS_kap	wzt 4 ln_CS_kap	wzt 5 ln_CS_kap	wzt unrwz ln_CS_kap	wzt unrwz ln_CS_kap	wzt unrwz ln_CS_kap	wzt ln_wageshare_rev	wzt d_young ln_wageshare_rev	wzt d_old ln_wageshare_rev	wzt 4 ln_wageshare_rev	wzt 5 ln_wageshare_rev	wzt unrwz ln_wageshare_rev	wzt unrwz ln_wageshare_rev	wzt unrwz ln_wageshare_rev	wzt ln_wageshare	wzt d_young ln_wageshare	wzt d_old ln_wageshare	wzt 4 ln_wageshare	wzt 5 ln_wageshare	wzt unrwz ln_wageshare	wzt unrwz ln_wageshare	wzt unrwz ln_wageshare	wzt oe_L_2	wzt d_young oe_L_2	wzt d_old oe_L_2	wzt 4 oe_L_2	wzt 5 oe_L_2	wzt unrwz oe_L_2	wzt unrwz oe_L_2	wzt unrwz oe_L_2	wzt oe_K_2	wzt d_young oe_K_2	wzt d_old oe_K_2	wzt 4 oe_K_2	wzt 5 oe_K_2	wzt unrwz oe_K_2	wzt unrwz oe_K_2	wzt unrwz oe_K_2	wzt oe_M_2	wzt d_young oe_M_2	wzt d_old oe_M_2	wzt 4 oe_M_2	wzt 5 oe_M_2	wzt unrwz oe_M_2	wzt unrwz oe_M_2	wzt unrwz oe_M_2	wzt rts_2	wzt d_young rts_2	wzt d_old rts_2	wzt 4 rts_2	wzt 5 rts_2	wzt unrwz rts_2	wzt unrwz rts_2	wzt unrwz rts_2	wzt oe_L_2rts	wzt d_young oe_L_2rts	wzt d_old oe_L_2rts	wzt 4 oe_L_2rts	wzt 5 oe_L_2rts	wzt unrwz oe_L_2rts	wzt unrwz oe_L_2rts	wzt unrwz oe_L_2rts	wzt oe_K_2rts	wzt d_young oe_K_2rts	wzt d_old oe_K_2rts	wzt 4 oe_K_2rts	wzt 5 oe_K_2rts	wzt unrwz oe_K_2rts	wzt unrwz oe_K_2rts	wzt unrwz oe_K_2rts	wzt oe_M_2rts	wzt d_young oe_M_2rts	wzt d_old oe_M_2rts	wzt 4 oe_M_2rts	wzt 5 oe_M_2rts	wzt unrwz oe_M_2rts	wzt unrwz oe_M_2rts	wzt unrwz oe_M_2rts	wzt CS_lab	wzt d_young CS_lab	wzt d_old CS_lab	wzt 4 CS_lab	wzt 5 CS_lab	wzt unrwz CS_lab	wzt unrwz CS_lab	wzt unrwz CS_lab	wzt CS_mat	wzt d_young CS_mat	wzt d_old CS_mat	wzt 4 CS_mat	wzt 5 CS_mat	wzt unrwz CS_mat	wzt unrwz CS_mat	wzt unrwz CS_mat	wzt CS_kap	wzt d_young CS_kap	wzt d_old CS_kap	wzt 4 CS_kap	wzt 5 CS_kap	wzt unrwz CS_kap	wzt unrwz CS_kap	wzt unrwz CS_kap	wzt ln_oe_LK_2	wzt d_young ln_oe_LK_2	wzt d_old ln_oe_LK_2	wzt 4 ln_oe_LK_2	wzt 5 ln_oe_LK_2	wzt unrwz ln_oe_LK_2	wzt unrwz ln_oe_LK_2	wzt unrwz ln_oe_LK_2	wzt ln_oe_LM_2	wzt d_young ln_oe_LM_2	wzt d_old ln_oe_LM_2	wzt 4 ln_oe_LM_2	wzt 5 ln_oe_LM_2	wzt unrwz ln_oe_LM_2	wzt unrwz ln_oe_LM_2	wzt unrwz ln_oe_LM_2	wzt ln_oe_MK_2	wzt d_young ln_oe_MK_2	wzt d_old ln_oe_MK_2	wzt 4 ln_oe_MK_2	wzt 5 ln_oe_MK_2	wzt unrwz ln_oe_MK_2	wzt unrwz ln_oe_MK_2	wzt unrwz ln_oe_MK_2	wzt ln_lab_capQ	wzt d_young ln_lab_capQ	wzt d_old ln_lab_capQ	wzt 4 ln_lab_capQ	wzt 5 ln_lab_capQ	wzt unrwz ln_lab_capQ	wzt unrwz ln_lab_capQ	wzt unrwz ln_lab_capQ	wzt ln_lab_matQ	wzt d_young ln_lab_matQ	wzt d_old ln_lab_matQ	wzt 4 ln_lab_matQ	wzt 5 ln_lab_matQ	wzt unrwz ln_lab_matQ	wzt unrwz ln_lab_matQ	wzt unrwz ln_lab_matQ	wzt ln_mat_capQ	wzt d_young ln_mat_capQ	wzt d_old ln_mat_capQ	wzt 4 ln_mat_capQ	wzt 5 ln_mat_capQ	wzt unrwz ln_mat_capQ	wzt unrwz ln_mat_capQ	wzt unrwz ln_mat_capQ
																																																																																																																																																																																																																																																																								
ln_rturnover	-0.171***	-0.154***	-0.171***	-0.380***	-0.205***	-0.351***	0.0253***		0.0386***	0.0440***	0.0391***	-0.0429***	0.0399***	-0.155***	0.116***		0.0325***	0.0265***	0.0325***	0.0860***	0.0372***	0.0792***	-0.0169***		-0.00405***	-0.00381***	-0.00404***	-0.00722***	-0.00414***	-0.00797***	-0.00123***		-0.167***	-0.151***	-0.167***	-0.373***	-0.200***	-0.343***	0.0266***		0.0426***	0.0478***	0.0431***	-0.0357***	0.0440***	-0.147***	0.117***		0.0365***	0.0303***	0.0366***	0.0932***	0.0413***	0.0872***	-0.0157***		-0.00666***	-0.0107***	-0.00663***	-0.00888***	-0.0120***	0.0416***	0.0176***		0.00392**	0.000919	0.00393**	0.00483	0.000769	-0.00474	-0.0266***		1.039***	1.038***	1.039***	1.096***	1.050***	1.037***	0.964***		0.902***	0.899***	0.902***	0.759***	0.924***	0.517***	1.009***		0.724***	0.747***	0.724***	0.454***	0.689***	0.470***	0.964***		-0.145***	-0.129***	-0.145***	-0.324***	-0.178***	-0.259***	0.0493***		0.0627***	0.0537***	0.0627***	0.148***	0.0661***	0.167***	-0.0225***		-0.0752***	-0.0848***	-0.0743***	-0.189***	-0.0605***	-0.353***	0.0229***		-0.168***	-0.144***	-0.169***	-0.376***	-0.194***	-0.389***	0.0357***		-0.164***	-0.140***	-0.164***	-0.366***	-0.188***	-0.385***	0.0319***		-0.0306***	-0.0260***	-0.0306***	-0.0704***	-0.0346***	-0.0619***	0.00597***		0.00160***	0.00147***	0.00162***	-0.00251***	0.00192***	-0.00711***	0.00543***		0.0247***	0.0206***	0.0248***	0.0654***	0.0283***	0.0606***	-0.0127***		-0.00414***	-0.00389***	-0.00414***	-0.00742***	-0.00422***	-0.00817***	-0.00123***		-0.0291***	-0.0248***	-0.0291***	-0.0671***	-0.0332***	-0.0589***	0.00593***		0.00177***	0.00164***	0.00179***	-0.00214***	0.00212***	-0.00656***	0.00539***		0.0272***	0.0231***	0.0272***	0.0692***	0.0309***	0.0652***	-0.0114***		-0.0251***	-0.0218***	-0.0252***	-0.0574***	-0.0304***	-0.0437***	0.00964***		0.0380***	0.0343***	0.0380***	0.0887***	0.0407***	0.102***	-0.0128***		-0.0129***	-0.0125***	-0.0128***	-0.0313***	-0.0103***	-0.0581***	0.00315***		-0.210***	-0.198***	-0.210***	-0.337***	-0.245***	-0.195***	-0.0904***		-0.204***	-0.181***	-0.204***	-0.466***	-0.242***	-0.430***	0.0423***		-0.00611**	-0.0175	-0.00655**	0.129***	-0.00270	0.234***	-0.133***		-0.177***	-0.152***	-0.178***	-0.305***	-0.235***	-0.0473***	-0.0454***		-0.315***	-0.291***	-0.315***	-0.642***	-0.361***	-0.567***	0***		0.138***	0.139***	0.137***	0.337***	0.127***	0.520***	-0.0454***	
	(0.00234)	(0.00895)	(0.00236)	(0.00270)	(0.00521)	(0.00438)	(0.00143)		(0.00227)	(0.0124)	(0.00227)	(0.00477)	(0.00402)	(0.00552)	(0.00276)		(0.000560)	(0.00189)	(0.000567)	(0.000700)	(0.00121)	(0.00100)	(0.000267)		(6.43e-05)	(0.000271)	(6.46e-05)	(7.99e-05)	(0.000121)	(0.000120)	(7.98e-05)		(0.00230)	(0.00879)	(0.00232)	(0.00266)	(0.00514)	(0.00432)	(0.00139)		(0.00225)	(0.0123)	(0.00226)	(0.00473)	(0.00399)	(0.00548)	(0.00275)		(0.000600)	(0.00203)	(0.000607)	(0.000752)	(0.00129)	(0.00109)	(0.000315)		(0.000576)	(0.00291)	(0.000580)	(0.00121)	(0.00119)	(0.00187)	(0.000737)		(0.00167)	(0.00870)	(0.00168)	(0.00311)	(0.00347)	(0.00413)	(0.00219)		(0.000921)	(0.00373)	(0.000930)	(0.00169)	(0.00206)	(0.00224)	(0.000847)		(0.00376)	(0.0179)	(0.00377)	(0.00708)	(0.00719)	(0.00854)	(0.00459)		(0.00270)	(0.0100)	(0.00273)	(0.00284)	(0.00621)	(0.00511)	(0.000847)		(0.00229)	(0.00977)	(0.00232)	(0.00354)	(0.00518)	(0.00503)	(0.00168)		(0.00114)	(0.00394)	(0.00115)	(0.00196)	(0.00227)	(0.00241)	(0.000959)		(0.00328)	(0.0161)	(0.00329)	(0.00612)	(0.00640)	(0.00720)	(0.00403)		(0.00237)	(0.00951)	(0.00240)	(0.00334)	(0.00523)	(0.00533)	(0.00153)		(0.00230)	(0.00925)	(0.00232)	(0.00322)	(0.00507)	(0.00524)	(0.00151)		(0.000416)	(0.00145)	(0.000421)	(0.000492)	(0.000916)	(0.000731)	(0.000221)		(0.000107)	(0.000525)	(0.000108)	(0.000197)	(0.000205)	(0.000237)	(0.000128)		(0.000424)	(0.00147)	(0.000429)	(0.000508)	(0.000914)	(0.000763)	(0.000199)		(6.60e-05)	(0.000278)	(6.63e-05)	(8.22e-05)	(0.000124)	(0.000124)	(8.16e-05)		(0.000397)	(0.00138)	(0.000401)	(0.000466)	(0.000877)	(0.000695)	(0.000206)		(0.000104)	(0.000513)	(0.000105)	(0.000191)	(0.000199)	(0.000229)	(0.000125)		(0.000444)	(0.00155)	(0.000448)	(0.000532)	(0.000952)	(0.000803)	(0.000232)		(0.000399)	(0.00164)	(0.000403)	(0.000666)	(0.000975)	(0.000849)	(0.000293)		(0.000678)	(0.00246)	(0.000684)	(0.00110)	(0.00136)	(0.00140)	(0.000570)		(0.000507)	(0.00212)	(0.000511)	(0.000995)	(0.000926)	(0.00117)	(0.000622)		(0.00276)	(0.0137)	(0.00277)	(0.00511)	(0.00573)	(0.00554)	(0.00306)		(0.00285)	(0.0107)	(0.00289)	(0.00325)	(0.00635)	(0.00525)	(0.00160)		(0.00259)	(0.0134)	(0.00259)	(0.00511)	(0.00464)	(0.00614)	(0.00290)		(0.00385)	(0.0185)	(0.00387)	(0.00736)	(0.00834)	(0.00797)	(0.00480)		(0.00333)	(0.0120)	(0.00337)	(0.00382)	(0.00776)	(0.00587)	(0)		(0.00421)	(0.0190)	(0.00422)	(0.00766)	(0.00799)	(0.00905)	(0.00480)	
ln_lab_matQ							0.624***	0.592***							0.245***	0.101***							-0.157***	-0.136***							0.00894***	0.0105***							0.615***	0.582***							0.236***	0.0903***							-0.166***	-0.146***							0.0770***	0.0551***							-0.0968***	-0.0637***							-0.240***	-1.440***							0.342***	-0.915***							0.760***	-0.440***							0.617***	0.556***							-0.270***	-0.242***							0.311***	0.283***							0.648***	0.604***							0.622***	0.583***							0.116***	0.109***							0.0122***	0.00539***							-0.119***	-0.103***							0.00922***	0.0108***							0.111***	0.104***							0.0115***	0.00477***							-0.123***	-0.108***							0.110***	0.0984***							-0.161***	-0.145***							0.0508***	0.0469***							0.379***	0.492***							0.781***	0.728***							-0.402***	-0.237***							0.418***	0.475***							1***	1***							-0.582***	-0.525***
							(0.00287)	(0.00207)							(0.00600)	(0.00478)							(0.000582)	(0.000462)							(0.000145)	(0.000101)							(0.00281)	(0.00204)							(0.00597)	(0.00477)							(0.000679)	(0.000505)							(0.00159)	(0.00125)							(0.00429)	(0.00330)							(0.00191)	(0.0137)							(0.00925)	(0.0156)							(0.00191)	(0.0137)							(0.00312)	(0.00239)							(0.00215)	(0.00168)							(0.00810)	(0.00612)							(0.00292)	(0.00214)							(0.00286)	(0.00210)							(0.000460)	(0.000315)							(0.000261)	(0.000208)							(0.000415)	(0.000319)							(0.000149)	(0.000104)							(0.000423)	(0.000290)							(0.000253)	(0.000202)							(0.000475)	(0.000341)							(0.000744)	(0.000580)							(0.00111)	(0.000849)							(0.00129)	(0.000975)							(0.00627)	(0.00515)							(0.00315)	(0.00221)							(0.00626)	(0.00502)							(0.00960)	(0.00730)							(0)	(0)							(0.00960)	(0.00730)
Constant	0.0489**	-0.164*	0.0503**	2.030***	0.575***	1.905***	-0.195***	-0.0232***	-3.477***	-3.656***	-3.480***	-2.713***	-3.420***	-1.471***	-3.573***	-2.790***	-0.592***	-0.517***	-0.593***	-1.099***	-0.680***	-1.075***	-0.531***	-0.645***	0.0640***	0.0611***	0.0640***	0.0941***	0.0672***	0.105***	0.0605***	0.0522***	-0.0152	-0.225**	-0.0137	1.936***	0.508***	1.800***	-0.255***	-0.0754***	-3.541***	-3.718***	-3.544***	-2.807***	-3.487***	-1.575***	-3.633***	-2.842***	-0.656***	-0.578***	-0.657***	-1.193***	-0.747***	-1.180***	-0.591***	-0.698***	2.081***	2.130***	2.080***	2.099***	2.151***	1.582***	2.051***	2.170***	-0.117***	-0.0918	-0.117***	-0.123***	-0.0888**	-0.0280	-0.0796***	-0.259***	-2.676***	-2.654***	-2.677***	-3.207***	-2.845***	-2.653***	-2.583***	3.938***	-0.186***	-0.385*	-0.192***	1.181***	-0.395***	3.793***	-0.319***	6.509***	-2.286***	-2.571***	-2.284***	0.273***	-1.695***	0.349***	-2.583***	3.938***	-0.336***	-0.520***	-0.334***	1.352***	0.178***	0.842***	-0.577***	-0.243***	-1.094***	-0.968***	-1.095***	-1.902***	-1.183***	-2.173***	-0.989***	-1.141***	-1.129***	-1.225***	-1.136***	-0.0399	-1.258***	1.747***	-1.251***	-1.096***	-1.918***	-2.206***	-1.916***	0.0474	-1.485***	0.362***	-2.171***	-1.929***	-1.851***	-2.137***	-1.849***	0.0570*	-1.436***	0.431***	-2.094***	-1.878***	0.510***	0.456***	0.511***	0.888***	0.582***	0.835***	0.465***	0.505***	0.0342***	0.0318***	0.0340***	0.0728***	0.0340***	0.124***	0.0294***	0.0661***	0.522***	0.575***	0.521***	0.136***	0.455***	0.150***	0.568***	0.482***	1.065***	1.062***	1.065***	1.096***	1.068***	1.107***	1.062***	1.053***	0.490***	0.439***	0.491***	0.851***	0.561***	0.798***	0.447***	0.487***	0.0312***	0.0289***	0.0311***	0.0680***	0.0304***	0.118***	0.0268***	0.0632***	0.480***	0.533***	0.479***	0.0818***	0.411***	0.0865***	0.527***	0.450***	0.436***	0.400***	0.436***	0.741***	0.520***	0.627***	0.393***	0.458***	0.260***	0.319***	0.260***	-0.222***	0.198***	-0.401***	0.322***	0.236***	0.305***	0.281***	0.304***	0.481***	0.282***	0.773***	0.285***	0.306***	3.526***	3.493***	3.531***	4.743***	3.995***	3.376***	3.378***	2.766***	0.641***	0.354***	0.643***	3.129***	1.254***	2.980***	0.336***	0.622***	2.885***	3.139***	2.888***	1.614***	2.741***	0.395***	3.042***	2.144***	-2.100***	-2.186***	-2.092***	-0.908***	-1.301***	-3.445***	-2.264***	-2.571***	0.390***	0.0830	0.392***	3.480***	1.150***	3.002***	-0***	0***	-2.491***	-2.269***	-2.484***	-4.388***	-2.451***	-6.447***	-2.264***	-2.571***
	(0.0234)	(0.0962)	(0.0237)	(0.0255)	(0.0599)	(0.0453)	(0.0107)	(0.00585)	(0.0238)	(0.137)	(0.0238)	(0.0465)	(0.0478)	(0.0571)	(0.0224)	(0.0138)	(0.00577)	(0.0210)	(0.00583)	(0.00692)	(0.0142)	(0.0104)	(0.00189)	(0.00135)	(0.000654)	(0.00295)	(0.000656)	(0.000781)	(0.00142)	(0.00124)	(0.000580)	(0.000295)	(0.0230)	(0.0946)	(0.0232)	(0.0252)	(0.0590)	(0.0446)	(0.0104)	(0.00577)	(0.0236)	(0.136)	(0.0237)	(0.0462)	(0.0474)	(0.0566)	(0.0223)	(0.0138)	(0.00618)	(0.0225)	(0.00624)	(0.00743)	(0.0152)	(0.0112)	(0.00219)	(0.00149)	(0.00612)	(0.0327)	(0.00617)	(0.0120)	(0.0143)	(0.0193)	(0.00589)	(0.00389)	(0.0173)	(0.0955)	(0.0174)	(0.0305)	(0.0410)	(0.0427)	(0.0174)	(0.00963)	(0.00972)	(0.0421)	(0.00981)	(0.0168)	(0.0247)	(0.0231)	(0.00638)	(0.0372)	(0.0391)	(0.197)	(0.0392)	(0.0693)	(0.0849)	(0.0884)	(0.0367)	(0.0426)	(0.0276)	(0.110)	(0.0278)	(0.0277)	(0.0723)	(0.0528)	(0.00638)	(0.0372)	(0.0235)	(0.107)	(0.0238)	(0.0344)	(0.0607)	(0.0520)	(0.0135)	(0.00693)	(0.0120)	(0.0446)	(0.0121)	(0.0195)	(0.0272)	(0.0249)	(0.00766)	(0.00523)	(0.0339)	(0.176)	(0.0340)	(0.0596)	(0.0754)	(0.0744)	(0.0319)	(0.0180)	(0.0242)	(0.104)	(0.0245)	(0.0324)	(0.0611)	(0.0552)	(0.0119)	(0.00611)	(0.0235)	(0.101)	(0.0237)	(0.0312)	(0.0592)	(0.0542)	(0.0117)	(0.00598)	(0.00427)	(0.0160)	(0.00431)	(0.00484)	(0.0107)	(0.00756)	(0.00152)	(0.000921)	(0.00111)	(0.00576)	(0.00112)	(0.00193)	(0.00242)	(0.00245)	(0.00102)	(0.000610)	(0.00435)	(0.0162)	(0.00439)	(0.00498)	(0.0107)	(0.00789)	(0.00140)	(0.000914)	(0.000671)	(0.00303)	(0.000674)	(0.000804)	(0.00145)	(0.00128)	(0.000594)	(0.000304)	(0.00406)	(0.0152)	(0.00410)	(0.00457)	(0.0103)	(0.00719)	(0.00142)	(0.000845)	(0.00108)	(0.00562)	(0.00109)	(0.00187)	(0.00235)	(0.00237)	(0.001000)	(0.000592)	(0.00454)	(0.0170)	(0.00459)	(0.00521)	(0.0111)	(0.00831)	(0.00161)	(0.000981)	(0.00420)	(0.0184)	(0.00425)	(0.00665)	(0.0117)	(0.00878)	(0.00221)	(0.00181)	(0.00705)	(0.0276)	(0.00710)	(0.0108)	(0.0161)	(0.0144)	(0.00452)	(0.00256)	(0.00533)	(0.0238)	(0.00536)	(0.00982)	(0.0110)	(0.0121)	(0.00500)	(0.00301)	(0.0284)	(0.150)	(0.0286)	(0.0497)	(0.0670)	(0.0573)	(0.0254)	(0.0149)	(0.0288)	(0.115)	(0.0291)	(0.0310)	(0.0732)	(0.0543)	(0.0117)	(0.00623)	(0.0270)	(0.148)	(0.0271)	(0.0499)	(0.0549)	(0.0635)	(0.0234)	(0.0145)	(0.0401)	(0.204)	(0.0403)	(0.0721)	(0.0986)	(0.0825)	(0.0383)	(0.0217)	(0.0342)	(0.133)	(0.0345)	(0.0375)	(0.0908)	(0.0607)	(0)	(0)	(0.0436)	(0.210)	(0.0438)	(0.0749)	(0.0942)	(0.0936)	(0.0383)	(0.0217)
																																																																																																																																																																																																																																																																								
Observations	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401	212,401	2,466	209,852	149,762	62,635	208,261	212,401	212,401
R-squared	0.431	0.445	0.432	0.600	0.444	0.927	0.918	0.915	0.256	0.342	0.257	0.243	0.297	0.876	0.316	0.263	0.298	0.373	0.297	0.511	0.309	0.922	0.929	0.900	0.585	0.612	0.586	0.661	0.664	0.953	0.708	0.699	0.426	0.440	0.426	0.596	0.438	0.926	0.918	0.914	0.263	0.344	0.264	0.249	0.303	0.877	0.319	0.265	0.320	0.393	0.320	0.521	0.334	0.924	0.918	0.897	0.272	0.339	0.273	0.267	0.304	0.776	0.354	0.338	0.142	0.226	0.143	0.129	0.231	0.668	0.161	0.156	0.986	0.990	0.985	0.963	0.984	0.997	0.993	0.517	0.776	0.802	0.776	0.479	0.770	0.965	0.791	0.265	0.851	0.890	0.850	0.521	0.814	0.983	0.987	0.121	0.255	0.325	0.255	0.354	0.284	0.795	0.666	0.656	0.191	0.322	0.190	0.293	0.194	0.870	0.596	0.585	0.150	0.280	0.147	0.158	0.191	0.871	0.214	0.212	0.318	0.381	0.318	0.435	0.337	0.816	0.732	0.727	0.327	0.387	0.326	0.442	0.347	0.816	0.728	0.724	0.429	0.470	0.429	0.604	0.437	0.938	0.950	0.945	0.295	0.331	0.296	0.292	0.314	0.896	0.374	0.311	0.300	0.367	0.300	0.518	0.311	0.922	0.935	0.906	0.583	0.610	0.584	0.660	0.661	0.953	0.708	0.699	0.427	0.468	0.427	0.604	0.435	0.937	0.953	0.947	0.304	0.333	0.306	0.299	0.323	0.897	0.379	0.314	0.324	0.389	0.324	0.528	0.337	0.924	0.923	0.903	0.257	0.362	0.256	0.370	0.276	0.849	0.710	0.697	0.199	0.319	0.198	0.306	0.200	0.874	0.609	0.599	0.086	0.218	0.086	0.102	0.111	0.856	0.160	0.159	0.490	0.492	0.492	0.487	0.511	0.919	0.571	0.553	0.411	0.435	0.412	0.592	0.425	0.928	0.937	0.931	0.210	0.314	0.210	0.232	0.252	0.873	0.351	0.290	0.260	0.356	0.260	0.242	0.355	0.892	0.328	0.325	0.468	0.552	0.467	0.615	0.517	0.943	1.000	1.000	0.147	0.276	0.145	0.180	0.176	0.874	0.288	0.285
Estimator	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,	,
,	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)	)
# of Clusters	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438	19438	956	19236	15529	6103	17022	19438	19438
Robust standard errors in parentheses																																																																																																																																																																																																																																																																								
*** p<0.01, ** p<0.05, * p<0.1																																																																																																																																																																																																																																																																								
