Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
Age | −0.0065*** | −0.0041*** |
|
|
|
|
|
|
| (−11.71) | (−10.60) |
|
|
|
|
|
|
Gender | −0.0298*** |
| −0.0249*** |
|
|
|
|
|
| (−5.25) |
| (−4.43) |
|
|
|
|
|
Edubg | 0.0281*** |
|
| 0.0449*** |
|
|
|
|
| (4.64) |
|
| (7.56) |
|
|
|
|
Spe | 0.0006* |
|
|
| 0.0006** |
|
|
|
| (1.81) |
|
|
| (2.25) |
|
|
|
Partner | 0.0196*** |
|
|
|
| 0.0118** |
|
|
| (2.92) |
|
|
|
| (2.22) |
|
|
Exp | 0.0031*** |
|
|
|
|
| −0.0008 |
|
| (3.88) |
|
|
|
|
| (−1.57) |
|
Busyness | 0.0031** |
|
|
|
|
|
| 0.0040*** |
| (2.37) |
|
|
|
|
|
| (3.63) |
Big10 | 0.1062*** | 0.1075*** | 0.1132*** | 0.1114*** | 0.1131*** | 0.1137*** | 0.1121*** | 0.1131*** |
| (19.72) | (19.93) | (21.04) | (20.69) | (21.02) | (21.10) | (20.84) | (21.01) |
Em | 2.3665*** | 2.3792*** | 2.3677*** | 2.3782*** | 2.3742*** | 2.3697*** | 2.3795*** | 2.3762*** |
| (16.76) | (16.81) | (16.69) | (16.78) | (16.73) | (16.70) | (16.80) | (16.75) |
Complexity | 0.0887*** | 0.0887*** | 0.0926*** | 0.0905*** | 0.0934*** | 0.0928*** | 0.0915*** | 0.0922*** |
| (4.73) | (4.72) | (4.92) | (4.81) | (4.96) | (4.93) | (4.87) | (4.90) |
Switch | −0.0722*** | −0.0795*** | −0.0793*** | −0.0791*** | −0.0777*** | −0.0797*** | −0.0799*** | −0.0769*** |
| (−7.43) | (−8.21) | (−8.17) | (−8.16) | (−7.96) | (−8.20) | (−8.26) | (−7.89) |
Opinion | 0.1753*** | 0.1741*** | 0.1761*** | 0.1726*** | 0.1754*** | 0.1757*** | 0.1742*** | 0.1760*** |
| (10.30) | (10.21) | (10.30) | (10.11) | (10.26) | (10.28) | (10.21) | (10.30) |
Lev | −0.0752*** | −0.0807*** | −0.0846*** | −0.0823*** | −0.0853*** | −0.0848*** | −0.0849*** | −0.0835*** |
| (−4.72) | (−5.05) | (−5.29) | (−5.15) | (−5.32) | (−5.29) | (−5.32) | (−5.21) |
Size | 0.8386*** | 0.8412*** | 0.8420*** | 0.8396*** | 0.8422*** | 0.8418*** | 0.8422*** | 0.8432*** |
| (136.08) | (136.69) | (136.55) | (136.06) | (136.54) | (136.40) | (136.88) | (136.58) |
Punish | 0.0280*** | 0.0259*** | 0.0253*** | 0.0259*** | 0.0247*** | 0.0246*** | 0.0246*** | 0.0247*** |
| (4.08) | (3.76) | (3.66) | (3.75) | (3.57) | (3.56) | (3.57) | (3.57) |
Loss | 0.0507*** | 0.0499*** | 0.0489*** | 0.0488*** | 0.0490*** | 0.0490*** | 0.0498*** | 0.0492*** |
| (5.25) | (5.15) | (5.03) | (5.03) | (5.05) | (5.05) | (5.14) | (5.07) |
Grow | −0.0006** | −0.0006** | −0.0007** | −0.0006** | −0.0007** | −0.0006** | −0.0007** | −0.0006** |
| (−2.11) | (−2.21) | (−2.26) | (−2.20) | (−2.24) | (−2.22) | (−2.24) | (−2.21) |
Year/Ind | Control | Control | Control | Control | Control | Control | Control | Control |
Constant | 5.5120*** | 5.4469*** | 5.2887*** | 5.2621*** | 5.2679*** | 5.2658*** | 5.2790*** | 5.2466*** |
| (87.24) | (88.13) | (88.47) | (88.32) | (88.32) | (88.25) | (88.41) | (87.48) |
Obs. | 22,728 | 22,728 | 22,728 | 22,728 | 22,728 | 22,728 | 22,728 | 22,728 |
R-squared | 0.57 | 0.57 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 |
r2_a | 0.567 | 0.565 | 0.563 | 0.564 | 0.563 | 0.563 | 0.562 | 0.563 |
F | 785.4 | 923.1 | 916.5 | 919.2 | 915.4 | 915.4 | 917.8 | 916.0 |