Variables

(1)

(2)

(3)

Zscore

Zscore

Zscore

Fin

9.944^***

8.220^***

8.692^***

(9.891)

(9.466)

(10.445)

Fin²

−12.883^***

−10.600^***

−11.871^***

(−6.386)

(−6.246)

(−7.309)

Cons

1.222^***

9.343^***

13.326^***

(18.746)

(7.436)

(8.555)

N

1101

1101

1101

Year

No

No

Yes

Controls

No

Yes

Yes

Adj-R²

0.016

0.354

0.417