Main results
| Label | Model 1 | Model 2 | Model 3 | Model 4 | |
|---|---|---|---|---|---|
| Fixed effects | |||||
| −3.611*** (−221.82) | −3.593*** (−157.78) | −3.602*** (−156.23) | −3.600*** (−153.82) | |
| 0.042*** (13.05) | 0.042*** (12.77) | 0.042*** (12.40) | ||
| 0.413*** (18.74) | 0.410*** (18.43) | 0.408*** (17.87) | ||
| 0.054*** (3.54) | 0.013 (0.80) | |||
| −0.029*** (−3.44) | −0.040*** (−3.24) | ||||
| −0.004** (−2.13) | ||||
| −0.030*** (−2.73) | ||||
| Variance components | |||||
| 0.145*** (15.31) | 0.276*** (14.94) | 0.268*** (14.86) | 0.268*** (14.87) | |
| 0.005*** (12.81) | 0.005*** (10.43) | 0.005*** (12.76) | ||
| 0.217*** (12.52) | 0.217*** (12.51) | 0.213*** (12.45) | ||
| −0.008*** (−4.26) | −0.008*** (−4.29) | −0.009*** (−4.56) | ||
| 0.024*** (10.56) | 0.023*** (10.43) | 0.023*** (10.43) | ||
| −0.085*** (−6.14) | −0.089*** (−6.49) | −0.090*** (−6.61) | ||
| 0.326*** (64.14) | 0.151*** (59.00) | 0.151*** (58.99) | 0.151*** (59.00) | |
| Model fit | |||||
| 16,453.556 | 11,956.211 | 11,936.015 | 11,914.313 | |
| – | 0.180 | 0.195 | 0.199 | |
| Sample | |||||
| 8,862 | 8,862 | 8,862 | 8,862 | |
| 633 | 633 | 633 | 633 |
| Label | Model 1 | Model 2 | Model 3 | Model 4 | |
|---|---|---|---|---|---|
Intercept | −3.611*** (−221.82) | −3.593*** (−157.78) | −3.602*** (−156.23) | −3.600*** (−153.82) | |
Trend10to19 | 0.042*** (13.05) | 0.042*** (12.77) | 0.042*** (12.40) | ||
Jump20to23 | 0.413*** (18.74) | 0.410*** (18.43) | 0.408*** (17.87) | ||
Amazon | 0.054*** (3.54) | 0.013 (0.80) | |||
| −0.029*** (−3.44) | −0.040*** (−3.24) | ||||
Trend10to19 × | −0.004** (−2.13) | ||||
Jump20to23 × | −0.030*** (−2.73) | ||||
Var. Intercept | 0.145*** (15.31) | 0.276*** (14.94) | 0.268*** (14.86) | 0.268*** (14.87) | |
Var. Trend10to19 | 0.005*** (12.81) | 0.005*** (10.43) | 0.005*** (12.76) | ||
Var. Jump20to23 | 0.217*** (12.52) | 0.217*** (12.51) | 0.213*** (12.45) | ||
Cov. Trend10to19, Jump20to23 | −0.008*** (−4.26) | −0.008*** (−4.29) | −0.009*** (−4.56) | ||
Cov. Trend10to19, intercept | 0.024*** (10.56) | 0.023*** (10.43) | 0.023*** (10.43) | ||
Cov. Jump20to23, intercept | −0.085*** (−6.14) | −0.089*** (−6.49) | −0.090*** (−6.61) | ||
Var. Residual | 0.326*** (64.14) | 0.151*** (59.00) | 0.151*** (58.99) | 0.151*** (59.00) | |
−2 log likelihood | 16,453.556 | 11,956.211 | 11,936.015 | 11,914.313 | |
Pseudo | – | 0.180 | 0.195 | 0.199 | |
Observations | 8,862 | 8,862 | 8,862 | 8,862 | |
Number of groups | 633 | 633 | 633 | 633 |
Note(s): Outcome: . Models were analyzed with robust standard errors. z-statistics are reported in parentheses; *p < 0.10, **p < 0.05, ***p < 0.01