| Explained variables | lnnumber | lnvc |
| (1) | (2) | |
| EPU | −1.149*** | −3.534** |
| (0.302) | (1.495) | |
| lnedu | 0.160 | 0.753 |
| (0.155) | (0.726) | |
| lnwage | 0.888** | 4.496** |
| (0.353) | (1.807) | |
| lnpop | 1.840** | 6.716** |
| (0.851) | (3.393) | |
| lngdp | 0.044 | 0.365 |
| (0.169) | (0.833) | |
| Observation | 2907 | 2907 |
| adj. R2 | 0.574 | 0.396 |
| Provincial fixed effects | Yes | Yes |
| Industry fixed effects | Yes | Yes |
| Year fixed effects | Yes | Yes |