logpolicy2

0.0049

−0.1583

−0.0520*

(0.0060)

(0.1507)

(0.0304)

Total effect

logpolicy1

−0.0148**

−0.0376

−0.0152

(0.0066)

(0.1418)

(0.0270)

logpolicy2

0.0055

−0.1543

−0.0523*

(0.0060)

(0.1507)

(0.0305)

N

3012

3012

3012

3012

3012

3012

R2

0.410

0.410

0.410

0.410

0.410

0.410