Dep. Variable =

Dep. Variable =

Dep. Variable =

(1a)

(1b)

(2a)

(2b)

(3a)

(3b)

0.0571

0.0364

0.0093

(9.11)a

(6.78)a

(9.51)a

0.0732

0.0464

0.0129

(6.90)a

(5.12)a

(7.77)a

0.0009

0.0009

0.0008

0.0008

0.0002

0.0002

(18.87)a

(19.49)a

(18.46)a

(18.96)a

(26.87)a

(27.44)a

0.0325

0.0332

0.0091

0.0096

0.0034

0.0035

(12.01)a

(12.23)a

(3.95)a

(4.14)a

(7.94)a

(8.21)a

−0.0023

−0.0026

−0.0009

−0.0011

−0.0001

−0.0002

(−6.27)a

(−6.99)a

(−2.89)a

(−3.43)a

(−2.06)b

(−2.79)a

N

4,313

4,313

4,313

4,313

4,313

4,313

R²

19.02%

18.36%

12.85%

12.45%

30.81%

30.33%