(0.0030)

(0.3210)

(0.0010)

Age

−0.0021**

0.0017***

−0.0001

(0.0216)

(0.0000)

(0.6040)

Constant

0.3163***

0.5539***

0.2479***

(0.0000)

(0.0000)

(0.0000)

Year

Yes

Yes

Yes

Industry

Yes

Yes

Yes

Observation

6863

5687

12,551