Table 1.

The lockdown effect considering pre‐existing time trends

	(1)	(2)	(3)
Lockdown t − 1	0.655***
	(0.099)
Lockdown t − 5		0.416***
		(0.102)
Lockdown			0.204
			(0.294)
Day spline 1			−0.661
			(0.458)
Day spline 2			0.910
			(0.676)
Day spline 3			0.406
			(0.325)
Constant	5.341***	5.411***	5.434***
	(0.069)	(0.078)	(0.109)
Observations	1,737	1,737	1,737
R 2	0.024	0.010	0.026
Adjusted R 2	0.024	0.009	0.024

Note: ^*p‐value < 0.1; ^**p‐value < 0.05; ^***p‐value < 0.01.