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\begin{tabular}{lccccc} \hline
 & (1) & (2) & (3) & (4) & (5) \\
VARIABLES & Unemployment rate & Unemployment rate & Unemployment rate & Unemployment rate & Unemployment rate \\ \hline
 &  &  &  &  &  \\
area\_id==2 & -0.344*** & -0.281*** & -0.350*** & -0.333*** & -0.257*** \\
 & [0.049] & [0.030] & [0.035] & [0.042] & [0.032] \\
area\_id==3 & -0.701*** & -0.644*** & -0.714*** & -0.619*** & -0.635*** \\
 & [0.040] & [0.025] & [0.031] & [0.039] & [0.027] \\
area\_id==4 & -0.446*** & -0.404*** & -0.452*** & -0.373*** & -0.414*** \\
 & [0.016] & [0.013] & [0.018] & [0.028] & [0.014] \\
area\_id==5 & -0.833*** & -0.772*** & -0.771*** & -0.710*** & -0.770*** \\
 & [0.049] & [0.030] & [0.030] & [0.028] & [0.032] \\
area\_id==8 & 0.357*** & 0.377*** & 0.338*** & 0.444*** & 0.331*** \\
 & [0.017] & [0.015] & [0.018] & [0.023] & [0.017] \\
area\_id==9 & -0.848*** & -0.846*** & -0.898*** & -0.788*** & -0.850*** \\
 & [0.002] & [0.002] & [0.014] & [0.024] & [0.002] \\
area\_id==10 & 0.417*** & 0.418*** & 0.439*** & 0.548*** & 0.418*** \\
 & [0.002] & [0.001] & [0.006] & [0.010] & [0.002] \\
area\_id==11 & -0.097*** & -0.101*** & -0.100*** & -0.038*** & -0.108*** \\
 & [0.006] & [0.004] & [0.004] & [0.008] & [0.004] \\
area\_id==12 & 0.621*** & 0.671*** & 0.640*** & 0.728*** & 0.676*** \\
 & [0.029] & [0.019] & [0.021] & [0.023] & [0.021] \\
area\_id==13 & 1.179*** & 1.232*** & 1.165*** & 1.342*** & 1.210*** \\
 & [0.032] & [0.021] & [0.027] & [0.038] & [0.022] \\
area\_id==14 & -1.784*** & -1.737*** & -1.764*** & -1.733*** & -1.745*** \\
 & [0.025] & [0.017] & [0.019] & [0.022] & [0.018] \\
area\_id==15 & -0.366*** & -0.303*** & -0.355*** & -0.254*** & -0.292*** \\
 & [0.049] & [0.031] & [0.033] & [0.037] & [0.033] \\
area\_id==16 & -1.863*** & -1.812*** & -1.759*** & -1.770*** & -1.814*** \\
 & [0.018] & [0.017] & [0.022] & [0.030] & [0.018] \\
area\_id==17 & 0.003 & 0.067** & 0.098*** & 0.156*** & 0.085*** \\
 & [0.037] & [0.024] & [0.026] & [0.029] & [0.026] \\
area\_id==18 & -0.783*** & -0.693*** & -0.681*** & -0.708*** & -0.658*** \\
 & [0.081] & [0.049] & [0.050] & [0.051] & [0.052] \\
area\_id==19 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==20 & -0.548*** & -0.493*** & -0.496*** & -0.453*** & -0.475*** \\
 & [0.023] & [0.018] & [0.019] & [0.019] & [0.020] \\
area\_id==21 & -0.908*** & -0.841*** & -0.892*** & -0.800*** & -0.830*** \\
 & [0.041] & [0.027] & [0.030] & [0.035] & [0.028] \\
area\_id==22 & -0.500*** & -0.428*** & -0.424*** & -0.428*** & -0.407*** \\
 & [0.051] & [0.032] & [0.032] & [0.031] & [0.034] \\
area\_id==23 & -0.886*** & -0.984*** & -1.012*** & -1.071*** & -0.852*** \\
 & [0.110] & [0.074] & [0.076] & [0.095] & [0.067] \\
area\_id==24 & -1.063*** & -1.034*** & -1.020*** & -0.919*** & -1.066*** \\
 & [0.007] & [0.010] & [0.011] & [0.011] & [0.011] \\
area\_id==25 & 0.801*** & 0.851*** & 0.799*** & 0.951*** & 0.879*** \\
 & [0.037] & [0.023] & [0.027] & [0.032] & [0.026] \\
area\_id==26 & -0.659*** & -0.625*** & -0.599*** & -0.531*** & -0.649*** \\
 & [0.012] & [0.011] & [0.013] & [0.016] & [0.012] \\
area\_id==28 & -0.532*** & -0.507*** & -0.601*** & -0.518*** & -0.521*** \\
 & [0.012] & [0.013] & [0.027] & [0.045] & [0.014] \\
area\_id==29 & -0.235*** & -0.199*** & -0.248*** & -0.179*** & -0.193*** \\
 & [0.014] & [0.012] & [0.017] & [0.026] & [0.013] \\
area\_id==30 & -2.065*** & -2.036*** & -1.960*** & -1.936*** & -2.044*** \\
 & [0.009] & [0.011] & [0.023] & [0.036] & [0.011] \\
area\_id==31 & 0.428*** & 0.467*** & 0.547*** & 0.504*** & 0.464*** \\
 & [0.024] & [0.016] & [0.026] & [0.038] & [0.017] \\
d3yrdef &  &  &  &  & -0.001 \\
 &  &  &  &  & [0.024] \\
(area\_id==2)*d3yrdef &  &  &  &  & 0.137*** \\
 &  &  &  &  & [0.001] \\
(area\_id==3)*d3yrdef &  &  &  &  & 0.199*** \\
 &  &  &  &  & [0.001] \\
(area\_id==4)*d3yrdef &  &  &  &  & 0.180*** \\
 &  &  &  &  & [0.001] \\
(area\_id==5)*d3yrdef &  &  &  &  & 0.206*** \\
 &  &  &  &  & [0.001] \\
(area\_id==8)*d3yrdef &  &  &  &  & 0.273*** \\
 &  &  &  &  & [0.006] \\
(area\_id==9)*d3yrdef &  &  &  &  & 0.103*** \\
 &  &  &  &  & [0.003] \\
(area\_id==10)*d3yrdef &  &  &  &  & -0.018*** \\
 &  &  &  &  & [0.004] \\
(area\_id==11)*d3yrdef &  &  &  &  & 0.020*** \\
 &  &  &  &  & [0.003] \\
(area\_id==12)*d3yrdef &  &  &  &  & 0.124*** \\
 &  &  &  &  & [0.001] \\
(area\_id==13)*d3yrdef &  &  &  &  & 0.375*** \\
 &  &  &  &  & [0.003] \\
(area\_id==14)*d3yrdef &  &  &  &  & 0.194*** \\
 &  &  &  &  & [0.001] \\
(area\_id==15)*d3yrdef &  &  &  &  & 0.206*** \\
 &  &  &  &  & [0.003] \\
(area\_id==16)*d3yrdef &  &  &  &  & -0.008 \\
 &  &  &  &  & [0.006] \\
(area\_id==17)*d3yrdef &  &  &  &  & -0.021*** \\
 &  &  &  &  & [0.003] \\
(area\_id==18)*d3yrdef &  &  &  &  & 0.117*** \\
 &  &  &  &  & [0.007] \\
(area\_id==19)*d3yrdef &  &  &  &  & 0.174*** \\
 &  &  &  &  & [0.009] \\
(area\_id==20)*d3yrdef &  &  &  &  & -0.047*** \\
 &  &  &  &  & [0.005] \\
(area\_id==21)*d3yrdef &  &  &  &  & 0.162*** \\
 &  &  &  &  & [0.003] \\
(area\_id==22)*d3yrdef &  &  &  &  & 0.068*** \\
 &  &  &  &  & [0.002] \\
(area\_id==23)*d3yrdef &  &  &  &  & 0.062*** \\
 &  &  &  &  & [0.014] \\
(area\_id==24)*d3yrdef &  &  &  &  & 0.194*** \\
 &  &  &  &  & [0.010] \\
(area\_id==25)*d3yrdef &  &  &  &  & 0.038*** \\
 &  &  &  &  & [0.007] \\
(area\_id==26)*d3yrdef &  &  &  &  & 0.167*** \\
 &  &  &  &  & [0.005] \\
(area\_id==28)*d3yrdef &  &  &  &  & 0.147*** \\
 &  &  &  &  & [0.004] \\
(area\_id==29)*d3yrdef &  &  &  &  & 0.067*** \\
 &  &  &  &  & [0.007] \\
(area\_id==30)*d3yrdef &  &  &  &  & -0.027*** \\
 &  &  &  &  & [0.006] \\
(area\_id==31)*d3yrdef &  &  &  &  & 0.025*** \\
 &  &  &  &  & [0.005] \\
First lag & -0.247*** & -0.212*** & -0.212*** & -0.211*** & -0.170*** \\
 & [0.059] & [0.037] & [0.037] & [0.033] & [0.039] \\
1 year ahead inflation expectations & 0.265** & -0.167 & -0.163 & -0.031 & -0.168 \\
 & [0.109] & [0.142] & [0.145] & [0.160] & [0.151] \\
area\_id==     1.0000 & -0.570*** & -0.575*** & -0.577*** & -0.576*** & -0.580*** \\
 & [0.001] & [0.002] & [0.002] & [0.007] & [0.001] \\
area\_id==     2.0000 & -0.458*** & -0.468*** & -0.471*** & -0.483*** & -0.492*** \\
 & [0.028] & [0.019] & [0.018] & [0.025] & [0.020] \\
area\_id==     3.0000 & -0.366*** & -0.378*** & -0.382*** & -0.392*** & -0.403*** \\
 & [0.033] & [0.021] & [0.021] & [0.024] & [0.023] \\
area\_id==     4.0000 & -0.408*** & -0.392*** & -0.394*** & -0.405*** & -0.380*** \\
 & [0.017] & [0.010] & [0.010] & [0.008] & [0.011] \\
area\_id==     5.0000 & -0.143*** & -0.151*** & -0.154*** & -0.160*** & -0.166*** \\
 & [0.027] & [0.018] & [0.018] & [0.020] & [0.019] \\
area\_id==     8.0000 & -0.495*** & -0.497*** & -0.499*** & -0.523*** & -0.482*** \\
 & [0.011] & [0.008] & [0.007] & [0.009] & [0.008] \\
area\_id==     9.0000 & -0.262*** & -0.265*** & -0.268*** & -0.256*** & -0.266*** \\
 & [0.005] & [0.004] & [0.003] & [0.009] & [0.003] \\
area\_id==    10.0000 & -0.149*** & -0.162*** & -0.164*** & -0.170*** & -0.178*** \\
 & [0.014] & [0.009] & [0.009] & [0.012] & [0.010] \\
area\_id==    11.0000 & -0.325*** & -0.312*** & -0.314*** & -0.323*** & -0.294*** \\
 & [0.031] & [0.020] & [0.020] & [0.016] & [0.021] \\
area\_id==    12.0000 & -0.451*** & -0.448*** & -0.451*** & -0.479*** & -0.455*** \\
 & [0.007] & [0.006] & [0.006] & [0.008] & [0.007] \\
area\_id==    13.0000 & -0.140*** & -0.140*** & -0.143*** & -0.179*** & -0.138*** \\
 & [0.011] & [0.008] & [0.008] & [0.016] & [0.009] \\
area\_id==    14.0000 & -0.347*** & -0.350*** & -0.353*** & -0.355*** & -0.361*** \\
 & [0.018] & [0.012] & [0.012] & [0.016] & [0.013] \\
area\_id==    15.0000 & -0.150*** & -0.165*** & -0.168*** & -0.170*** & -0.191*** \\
 & [0.038] & [0.025] & [0.024] & [0.029] & [0.027] \\
area\_id==    16.0000 & -0.069*** & -0.064*** & -0.065*** & -0.079*** & -0.075*** \\
 & [0.010] & [0.008] & [0.008] & [0.008] & [0.009] \\
area\_id==    17.0000 & 0.533*** & 0.497*** & 0.495*** & 0.521*** & 0.434*** \\
 & [0.079] & [0.050] & [0.050] & [0.050] & [0.054] \\
area\_id==    18.0000 & 0.274*** & 0.238*** & 0.236*** & 0.262*** & 0.181*** \\
 & [0.080] & [0.050] & [0.050] & [0.052] & [0.054] \\
area\_id==    19.0000 & 0.248*** & 0.282*** & 0.278*** & 0.278*** & 0.249*** \\
 & [0.065] & [0.039] & [0.039] & [0.045] & [0.041] \\
area\_id==    20.0000 & -0.139*** & -0.133*** & -0.136*** & -0.146*** & -0.149*** \\
 & [0.008] & [0.007] & [0.007] & [0.010] & [0.008] \\
area\_id==    21.0000 & -0.003 & -0.006 & -0.009 & -0.027 & -0.023 \\
 & [0.022] & [0.015] & [0.015] & [0.018] & [0.016] \\
area\_id==    22.0000 & 0.273*** & 0.245*** & 0.242*** & 0.250*** & 0.194*** \\
 & [0.066] & [0.042] & [0.042] & [0.045] & [0.045] \\
area\_id==    23.0000 & 0.510*** & 0.453*** & 0.453*** & 0.544*** & 0.375*** \\
 & [0.102] & [0.064] & [0.064] & [0.084] & [0.068] \\
area\_id==    24.0000 & -0.214*** & -0.242*** & -0.244*** & -0.257*** & -0.261*** \\
 & [0.036] & [0.022] & [0.022] & [0.022] & [0.023] \\
area\_id==    25.0000 & 0.272*** & 0.237*** & 0.234*** & 0.228*** & 0.197*** \\
 & [0.046] & [0.029] & [0.029] & [0.031] & [0.031] \\
area\_id==    26.0000 & 0.125*** & 0.097*** & 0.095*** & 0.116*** & 0.076*** \\
 & [0.036] & [0.022] & [0.022] & [0.025] & [0.024] \\
area\_id==    28.0000 & -0.102*** & -0.111*** & -0.115*** & -0.117*** & -0.117*** \\
 & [0.003] & [0.004] & [0.003] & [0.013] & [0.003] \\
area\_id==    29.0000 & 0.246*** & 0.212*** & 0.209*** & 0.245*** & 0.175*** \\
 & [0.044] & [0.027] & [0.027] & [0.034] & [0.030] \\
area\_id==    30.0000 & 0.020 & 0.006 & 0.006 & 0.036*** & -0.005 \\
 & [0.013] & [0.008] & [0.008] & [0.009] & [0.009] \\
area\_id==    31.0000 & -0.671*** & -0.688*** & -0.689*** & -0.693*** & -0.701*** \\
 & [0.019] & [0.012] & [0.012] & [0.012] & [0.013] \\
area\_id==2 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==3 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==4 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==5 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==8 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==9 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==10 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==11 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==12 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==13 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==14 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==15 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==16 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==17 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==18 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==19 & -0.479*** & -0.320*** & -0.307*** & -0.247*** & -0.428*** \\
 & [0.044] & [0.048] & [0.049] & [0.060] & [0.045] \\
area\_id==20 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==21 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==22 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==23 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==24 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==25 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==26 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==28 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==29 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==30 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
area\_id==31 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
year==1985 = o, &  & - & - & - & - \\
 &  &  &  &  &  \\
year==1986 = o, &  & - & - & - & - \\
 &  &  &  &  &  \\
year==1987 = o, &  & - & - & - & - \\
 &  &  &  &  &  \\
year==1988 = o, &  & - & - & - & - \\
 &  &  &  &  &  \\
year==1989 = o, &  & - & - & - & - \\
 &  &  &  &  &  \\
year==1990 &  & 0.145 & 0.262 & -0.422 & 0.343 \\
 &  & [0.260] & [0.277] & [0.338] & [0.313] \\
year==1991 &  & 1.336*** & 1.374*** & 0.995** & 1.507*** \\
 &  & [0.289] & [0.293] & [0.405] & [0.315] \\
year==1992 &  & 1.871*** & 1.905*** & 1.338*** & 2.072*** \\
 &  & [0.278] & [0.280] & [0.448] & [0.275] \\
year==1993 &  & 1.448*** & 1.558*** & 1.007** & 1.654*** \\
 &  & [0.279] & [0.291] & [0.438] & [0.317] \\
year==1994 &  & 0.869*** & 0.932*** & 0.601 & 1.058*** \\
 &  & [0.291] & [0.297] & [0.380] & [0.356] \\
year==1995 &  & 0.300 & 0.449 & 0.093 & 0.498 \\
 &  & [0.274] & [0.294] & [0.364] & [0.331] \\
year==1996 &  & -0.010 & 0.167 & 0.003 & 0.204 \\
 &  & [0.263] & [0.285] & [0.333] & [0.323] \\
year==1997 &  & -0.633** & -0.490* & -0.576* & -0.397 \\
 &  & [0.256] & [0.273] & [0.329] & [0.284] \\
year==1998 &  & -1.211*** & -1.064*** & -0.933*** & -0.957*** \\
 &  & [0.232] & [0.250] & [0.290] & [0.248] \\
year==1999 &  & -1.600*** & -1.481*** & -1.246*** & -1.324*** \\
 &  & [0.208] & [0.222] & [0.289] & [0.218] \\
year==2000 &  & -1.464*** & -1.344*** & -1.084*** & -1.203*** \\
 &  & [0.183] & [0.197] & [0.287] & [0.253] \\
year==2001 &  & -0.943*** & -0.880*** & -0.551*** & -0.672*** \\
 &  & [0.100] & [0.108] & [0.178] & [0.169] \\
year==2002 &  &  &  &  & 0.293** \\
 &  &  &  &  & [0.109] \\
year==2003 = o, &  &  &  &  & - \\
 &  &  &  &  &  \\
year==2004 &  & -0.918*** & -0.761*** & -0.923*** & -0.520*** \\
 &  & [0.165] & [0.156] & [0.171] & [0.114] \\
year==2005 &  & -1.003*** & -0.791*** & -0.873*** & -0.655*** \\
 &  & [0.177] & [0.182] & [0.242] & [0.164] \\
year==2006 &  & -1.113*** & -0.955*** & -0.723** & -0.804*** \\
 &  & [0.180] & [0.197] & [0.297] & [0.179] \\
year==2007 &  & -0.958*** & -0.786*** & -0.738*** & -0.675*** \\
 &  & [0.199] & [0.223] & [0.258] & [0.231] \\
year==2008 &  & 0.035 & 0.182 & -0.258 & 0.351 \\
 &  & [0.262] & [0.273] & [0.304] & [0.337] \\
year==2009 &  & 2.754*** & 2.891*** & 2.558*** & 3.120*** \\
 &  & [0.255] & [0.271] & [0.310] & [0.307] \\
year==2010 &  & 2.884*** & 2.945*** & 2.399*** & 3.288*** \\
 &  & [0.239] & [0.243] & [0.418] & [0.283] \\
year==2011 &  & 2.666*** & 2.830*** & 2.039*** & 3.019*** \\
 &  & [0.279] & [0.293] & [0.499] & [0.358] \\
year==2012 &  & 2.248*** & 2.427*** & 1.948*** & 2.525*** \\
 &  & [0.278] & [0.305] & [0.456] & [0.332] \\
year==2013 &  & 1.972*** & 2.189*** & 1.829*** & 2.211*** \\
 &  & [0.336] & [0.376] & [0.436] & [0.321] \\
year==2014 &  & 0.950*** & 1.069*** & 0.916** & 1.187*** \\
 &  & [0.318] & [0.339] & [0.396] & [0.307] \\
year==2015 &  & -0.048 & 0.042 & -0.049 & 0.193 \\
 &  & [0.256] & [0.269] & [0.314] & [0.256] \\
year==2016 &  & -0.604*** & -0.536** &  & -0.356 \\
 &  & [0.216] & [0.222] &  & [0.211] \\
year==2017 &  & -1.197*** & -1.117*** &  & -0.927*** \\
 &  & [0.199] & [0.204] &  & [0.200] \\
year==2018 = o, &  & - & - & - & - \\
 &  &  &  &  &  \\
bartik\_mp &  &  &  & 0.346 &  \\
 &  &  &  & [0.429] &  \\
bartik\_mp = L, &  &  &  & 1.299* &  \\
 &  &  &  & [0.728] &  \\
bartik\_mp = L, &  &  &  & 2.832*** &  \\
 &  &  &  & [0.551] &  \\
bartik\_mp = L, &  &  &  & 0.997 &  \\
 &  &  &  & [0.605] &  \\
bartik\_mp = L, &  &  &  & 1.360*** &  \\
 &  &  &  & [0.457] &  \\
bartik\_mp = L, &  &  &  & 2.434*** &  \\
 &  &  &  & [0.783] &  \\
bartik\_mp = L, &  &  &  & 1.569* &  \\
 &  &  &  & [0.787] &  \\
bartik\_mp = F, &  &  &  & 2.657*** &  \\
 &  &  &  & [0.441] &  \\
bartik\_mp = F, &  &  &  & -0.956** &  \\
 &  &  &  & [0.446] &  \\
bartik\_mp = F, &  &  &  & -1.778** &  \\
 &  &  &  & [0.773] &  \\
bartik\_mp = F, &  &  &  & -1.135 &  \\
 &  &  &  & [0.897] &  \\
bartik\_mp = F, &  &  &  & -1.719* &  \\
 &  &  &  & [0.965] &  \\
bartik\_mp = F, &  &  &  & -2.265* &  \\
 &  &  &  & [1.239] &  \\
year==2002 = o, &  & - & - & - &  \\
 &  &  &  &  &  \\
year==2003 &  & -0.375*** & -0.292*** & -0.283*** &  \\
 &  & [0.103] & [0.093] & [0.100] &  \\
year==2016 = o, &  &  &  & - &  \\
 &  &  &  &  &  \\
year==2017 = o, &  &  &  & - &  \\
 &  &  &  &  &  \\
bartik\_defmp3y & 10.247*** & 9.237*** &  &  &  \\
 & [1.158] & [2.104] &  &  &  \\
bartik\_mp3y &  &  & 11.027*** &  &  \\
 &  &  & [2.434] &  &  \\
 &  &  &  &  &  \\
Observations & 1,525 & 1,525 & 1,525 & 1,413 & 1,525 \\
R-squared & 0.296 & 0.828 & 0.828 & 0.836 & 0.849 \\
Metro area FE & Yes & Yes & Yes & Yes & Yes \\
Year FE & No & Yes & Yes & Yes & Yes \\
Seasonal dummies & Yes & Yes & Yes & Yes & Yes \\
Instrument & 3 year Bartik & 3 year Bartik & 3 year Bartik & 3 year Bartik & 3 year Bartik \\
1st stage F-stat & 10.4 & 10.4 & 10.4 & 10.4 Sum & 10.4 \\
r(estimate &  &  &  & , &  \\
 , &  &  &  & ) &  \\ \hline
\multicolumn{6}{c}{ Robust standard errors in brackets} \\
\multicolumn{6}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
\end{tabular}
\end{document}
