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- multicolumn{6}{l}{Table 5.1. \
- multicolumn{6}{l}{scriptsize{Notes text......}} \
- cline{1-6}
- multicolumn{6}{c}{Panel A}\
- cline{1-6}
- {} & multicolumn{2}{c}{Purchase Turnover} & & multicolumn{2}{c}{Sale Turnover}\
- cline{2-3} cline{5-6}
- {} & {$(1)$} & {$(2)$} & & {$(1)$} & {$(2)$} \
- cline{1-6}
- Experience & -0.148 & -0.0114 & & -0.0025 & 0.0058 \
- & (-39.87) & (-4.10) & & (-1.37) & (2.41) \
- Initial Dependent & & 0.0857 & & & 0.110 \
- & & (15.02) & & & (7.02) \
- Lag Dependent & & 0.126 & & & 0.125 \
- & & (12.11) & & & (9.74) \
- Lag Return & & 0.0483 & & & 0.0295$ \
- & & (7.14) & & & (5.01) \
- Intercept & 0.350 & 0.245 & & 0.0634 & -0.121 \
- & (50.57) & (2.88) & & (19.78) & (-1.64) \
- cline{1-6}
- Controls & No & Yes & & No & Yes \
- Year FE & Yes & Yes & & Yes & Yes \
- County FE & Yes & Yes & & Yes & Yes \
- cline{1-6}
- No. Obs. & 129,861 & 84,747 & & 129,861 & 84,747 \
- Adj. R-sq & 0.128 & 0.075 & & 0.017 & 0.050 \
- cline{1-6}
- % Panel B
- multicolumn{6}{c}{Panel B - All Households}\
- cline{1-6}
- {} & multicolumn{2}{c}{Purchase Turnover} & & multicolumn{2}{c}{Sale Turnover} \
- cline{2-3} cline{5-6}
- {} & {$(1)$} & {$(2)$} & & {$(1)$} & {$(2)$} \
- cline{1-6}
- Experience & -0.121 & -0.0004 & & -0.078 & 0.041 \
- & (-48.57) & (-2.50) & & (-1.77) & (2.03) \
- Initial Dependent & & 0.0997 & & & 0.250 \
- & & (19.92) & & & (7.96) \
- Lag Dependent & & 0.116 & & & 0.144 \
- & & (11.00) & & & (7.28) \
- Lag Return & & 0.323 & & & 0.0258 \
- & & (4.58) & & & (2.31) \
- Intercept & 0.589 & 0.225 & & 0.0436 & -0.122 \
- & (51.57) & (2.11) & & (15.72) & (-1.51) \
- cline{1-6}
- Controls & No & Yes & & No & Yes \
- Year FE & Yes & Yes & & Yes & Yes \
- County FE & Yes & Yes & & Yes & Yes \
- cline{1-6}
- No. Obs. & 1,256,615 & 874,015 & & 1,256,615 & 874,015 \
- Adj. R-sq & 0.017 & 0.045 & & 0.007 & 0.026 \
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- caption[Table 5.1]
- {Table 5.1.medskipnewline
- Notes text......}
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- multicolumn{5}{c}{Panel A}\
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- & multicolumn{2}{c}{Purchase Turnover}
- & multicolumn{2}{c}{Sale Turnover}\
- cmidrule(r){2-3} cmidrule(l){4-5}
- & $(1)$ & $(2)$ & $(1)$ & $(2)$ \
- midrule
- Experience
- & -0.148 & -0.0114 & -0.0025 & 0.0058 \
- & (-39.87) & (-4.10) & (-1.37) & (2.41) \
- Initial Dependent
- & & 0.0857 & & 0.110 \
- & & (15.02) & & (7.02) \
- Lag Dependent
- & & 0.126 & & 0.125 \
- & & (12.11) & & (9.74) \
- Lag Return
- & & 0.0483 & & 0.0295 \
- & & & & (5.01) \
- Intercept
- & 0.350 & 0.245 & 0.0634 & -0.121 \
- & (50.57) & (2.88) & (19.78) & (-1.64) \
- midrule
- Controls
- & No & Yes & No & Yes \
- Year FE
- & Yes & Yes & Yes & Yes \
- County FE
- & Yes & Yes & Yes & Yes \
- midrule
- No. Obs.
- & 129,861 & 84,747 & 129,861 & 84,747 \
- Adj. R-sq
- & 0.128 & 0.075 & 0.017 & 0.050 \
- bottomrule
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- % Panel B
- multicolumn{5}{c}{Panel B - All Households} \
- midrule
- & multicolumn{2}{c}{Purchase Turnover}
- & multicolumn{2}{c}{Sale Turnover} \
- cmidrule(r){2-3} cmidrule(l){4-5}
- & $(1)$ & $(2)$ & $(1)$ & $(2)$ \
- midrule
- Experience
- & -0.121 & -0.0004 & -0.078 & 0.041 \
- & (-48.57) & (-2.50) & (-1.77) & (2.03) \
- Initial Dependent
- & & 0.0997 & & 0.250 \
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- multicolumn{6}{l}{Table 5.1.} \
- multicolumn{6}{l}{scriptsize{Notes text......}} \
- cline{1-6}
- multicolumn{6}{c}{Panel A}\
- cline{1-6}
- {} & multicolumn{2}{c}{Purchase Turnover} & & multicolumn{2}{c}{Sale Turnover}\
- cline{2-3} cline{5-6}
- {} & {$(1)$} & {$(2)$} & & {$(1)$} & {$(2)$} \
- cline{1-6}
- Experience & -0.148 & -0.0114 & & -0.0025 & 0.0058 \
- & (-39.87) & (-4.10) & & (-1.37) & (2.41) \
- Initial Dependent & & 0.0857 & & & 0.110 \
- & & (15.02) & & & (7.02) \
- Lag Dependent & & 0.126 & & & 0.125 \
- & & (12.11) & & & (9.74) \
- Lag Return & & 0.0483 & & & 0.0295 \
- & & (7.14) & & & (5.01) \
- Intercept & 0.350 & 0.245 & & 0.0634 & -0.121 \
- & (50.57) & (2.88) & & (19.78) & (-1.64) \
- cline{1-6}
- Controls & No & Yes & & No & Yes \
- Year FE & Yes & Yes & & Yes & Yes \
- County FE & Yes & Yes & & Yes & Yes \
- cline{1-6}
- No. Obs. & 129,861 & 84,747 & & 129,861 & 84,747 \
- Adj. R-sq & 0.128 & 0.075 & & 0.017 & 0.050 \
- cline{1-6}
- % Panel B
- multicolumn{6}{c}{Panel B - All Households}\
- cline{1-6}
- {} & multicolumn{2}{c}{Purchase Turnover} & & multicolumn{2}{c}{Sale Turnover} \
- cline{2-3} cline{5-6}
- {} & {$(1)$} & {$(2)$} & & {$(1)$} & {$(2)$} \
- cline{1-6}
- Experience & -0.121 & -0.0004 & & -0.078 & 0.041 \
- & (-48.57) & (-2.50) & & (-1.77) & (2.03) \
- Initial Dependent & & 0.0997 & & & 0.250 \
- & & (19.92) & & & (7.96) \
- Lag Dependent & & 0.116 & & & 0.144 \
- & & (11.00) & & & (7.28) \
- Lag Return & & 0.323 & & & 0.0258 \
- & & (4.58) & & & (2.31) \
- Intercept & 0.589 & 0.225 & & 0.0436 & -0.122 \
- & (51.57) & (2.11) & & (15.72) & (-1.51) \
- cline{1-6}
- Controls & No & Yes & & No & Yes \
- Year FE & Yes & Yes & & Yes & Yes \
- County FE & Yes & Yes & & Yes & Yes \
- cline{1-6}
- No. Obs. & 1,256,615 & 874,015 & & 1,256,615 & 874,015 \
- Adj. R-sq & 0.017 & 0.045 & & 0.007 & 0.026 \
- cline{1-6}
- end{tabular}%
- }
- end{center}
- end{document}
- [![enter image description here][1]][1]
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