TABLE 6.
(1) | (2) | (3) | |
---|---|---|---|
Treat×Labor Mobility Intensity | −0.120*** | −0.139*** | −0.138*** |
(−11.62) | (−14.66) | (−14.18) | |
Treat | 1.067*** | 1.301*** | 1.277*** |
(19.72) | (13.54) | (12.59) | |
Labor Mobility Intensity | 0.032** | 0.041*** | 0.038*** |
(2.29) | (2.90) | (3.66) | |
Constant | 0.016 | −0.033 | 0.023 |
(0.29) | (−0.70) | (0.51) | |
Market FEs | Yes | Yes | Yes |
Day FEs | Yes | Yes | Yes |
Province×Treat | No | Yes | Yes |
Market×Time | No | No | Yes |
Observations | 27,927 | 27,927 | 27,927 |
R‐squared | 0.553 | 0.607 | 0.661 |
Control Group | 2018 Jan. ‐2018 May & | 2018 Jan. ‐2018 May & | 2018 Jan. ‐2018 May & |
2019 Jan. ‐2019 May | 2019 Jan. ‐2019 May | 2019 Jan. ‐2019 May |
Notes: The time window of observations is from January 29 to May 1. Standard errors are clustered at the market level and t statistics are in parentheses.
* = p < 0.01.
= p < 0.05.
= p < 0.01.