Table 7.

Robustness test: censored treatment.

	res	res	res1	res2	res3
	(1)	(2)	(3)	(4)	(5)
difi	0.0240***	0.0113***	0.0018***	0.0045***	0.0049***
	(34.92)	(11.22)	(13.03)	(11.09)	(9.13)
_cons	− 0.0348***	− 0.7267***	− 0.1199***	− 0.3159***	− 0.2980***
	(− 9.94)	(− 10.68)	(− 12.57)	(− 11.63)	(− 8.17)
Controls	No	Yes	Yes	Yes	Yes
City fixed	Yes	Yes	Yes	Yes	Yes
Year fixed	Yes	Yes	Yes	Yes	Yes
Obs	2870	2870	2870	2870	2870
$R^2$	0.3207	0.3947	0.5508	0.4259	0.2426
F	172.93	115.21	97.84	102.99	110.89
P	0.0000	0.0000	0.0000	0.0000	0.0000

*, **, and ***indicate passing the significance test at 10%, 5%, and 1% levels, respectively.