| (1) | (2) | (3) | (4) | (5) | (6) |
imup | imdown | im | imup_fe | imdown_fe | im_fe | |
openness | 0.457*** | −0.472*** | 0.059 | 0.372 | −0.444** | −0.053 |
| (0.164) | (0.173) | (0.158) | (0.243) | (0.209) | (0.194) |
hhsize | 0.062** | −0.016 | 0.041* | −0.067 | −0.052 | −0.085** |
| (0.026) | (0.026) | (0.025) | (0.048) | (0.041) | (0.038) |
edu_f | −0.158*** | 0.116*** | −0.025 | −0.102** | 0.102*** | 0.037 |
| (0.025) | (0.023) | (0.022) | (0.043) | (0.036) | (0.034) |
age | 0.115*** | −0.100*** | −0.001 | 0.155** | −0.095 | 0.004 |
| (0.031) | (0.029) | (0.028) | (0.073) | (0.061) | (0.057) |
age2 | −0.001*** | 0.001** | −0.0002 | −0.002** | 0.002 | −0.00002 |
| (0.0004) | (0.0004) | (0.0004) | (0.001) | (0.001) | (0.001) |
age_f | −0.032 | −0.105** | −0.121*** | −0.043 | 0.004 | −0.045 |
| (0.043) | (0.041) | (0.041) | (0.093) | (0.080) | (0.075) |
age_f2 | 0.0003 | 0.001*** | 0.001*** | 0.001 | −0.0002 | 0.0004 |
| (0.0004) | (0.0003) | (0.0003) | (0.001) | (0.001) | (0.001) |
edu | 29.051 | −103.086** | −58.563 | −5.833 | −1.580 | 7.710 |
| (39.526) | (41.346) | (38.704) | (60.866) | (48.372) | (46.208) |
industry | −0.058 | 0.392 | 0.280 | 1.523 | −0.192 | 1.105 |
| (0.761) | (0.727) | (0.683) | (1.999) | (1.592) | (1.528) |
Constant | −2.267** | 4.533*** | 3.447*** | −2.816 | 1.731 | 1.372 |
| (1.136) | (1.093) | (1.072) | (2.307) | (1.959) | (1.842) |
Obs. | 1766 | 1766 | 1766 | 764 | 764 | 764 |