DISCUSSION

repec.nep.lma

n?u=RePEc:iza:izadps:dp10389&r=lma

(0.0219) (0.0165) (0.0199) (0.0200)

Constant 1.011*** 0.537*** 0.694*** 0.858***

(0.0906) (0.0761) (0.0974) (0.102)

Observations 3,056 3,049 2,921 3,196

R-squared 0.404 0.414 0.460 0.423

Note: *** p

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