Population (100,000) | −0.001 (0.005) | 0.005 (0.003) | 0.004 (0.003) | 0.004 (0.003) | 0.002 (0.003) |
100*ln(hourly wage) | −0.017 |
−0.018 |
−0.018 |
−0.024 |
|
100*ln(hours/week) | 0.021 (0.017) | 0.021 (0.017) | 0.026 (0.019) | ||
100* unemployment rate | 0.047 (0.125) | 0.049 (0.126) | |||
100* LPP rate | 0.041 (0.047) | ||||
79 | 79 | 79 | 79 | 79 | |
1.6e−04 | 0.051 | 0.073 | 0.073 | 0.09 | |
2014 metro characteristic |
Migrant share | −1.40 (1.12) | −2.37 |
−1.14 (1.02) | −0.79 (1.67) |
Migrant share2 | 0.02 (0.05) | 0.05 (0.05) | 0.02 (0.05) | 0.00 (0.08) |
Joint |
62.36 | 55.46 | 39.73 | 25.46 |
K-P Wald stat. | 58.02 | 35.66 | 33.97 | 89.30 |
All | −1.05 |
−1.03 |
−1.04 |
−1.09 |
−0.66 |
−1.04 |
Less than secondary | −1.42 |
−1.41 |
−1.41 |
−1.33 |
−0.95 |
−1.38 |
Secondary | −0.86 |
−0.87 |
−0.85 |
−0.79 |
−0.54 |
−0.80 |
Postsecondary | −0.75 |
−0.69 |
−0.75 |
−0.96 |
−0.46 |
−0.80 |
All | 0.27 (0.27) | 0.28 (0.27) | 0.27 (0.27) | 0.27 (0.32) | 0.17 (0.17) | 0.29 |
Less than secondary | 0.50 (0.34) | 0.52 (0.34) | 0.51 (0.34) | 0.51 (0.39) | 0.34 (0.22) | 0.51 (0.34) |
Secondary | 0.32 (0.21) | 0.32 (0.21) | 0.30 (0.21) | 0.26 (0.26) | 0.20 (0.12) | 0.32 (0.21) |
Postsecondary | −0.02 (0.23) | −0.02 (0.22) | −0.00 (0.22) | 0.01 (0.25) | −0.01 (0.12) | 0.02 (0.22) |
All | −0.08 (0.07) | −0.08 (0.07) | −0.09 (0.08) | −0.07 (0.07) | −0.05 (0.04) | −0.07 (0.07) |
Less than secondary | −0.05 (0.06) | −0.05 (0.07) | −0.06 (0.07) | −0.03 (0.06) | −0.04 (0.04) | −0.06 (0.06) |
Secondary | −0.02 (0.09) | −0.01 (0.08) | −0.03 (0.09) | 0.02 (0.09) | −0.01 (0.05) | −0.01 (0.08) |
Postsecondary | −0.18 |
−0.18 |
−0.17 |
−0.20 |
−0.11 |
−0.15 (0.10) |
All | −0.21 |
−0.21 |
−0.21 |
−0.17 |
−0.13 |
−0.20 |
Less than secondary | −0.23 |
−0.24 |
−0.24 |
−0.16 (0.10) | −0.16 |
−0.24 |
Secondary | −0.12 |
−0.12 |
−0.12 |
−0.10 (0.07) | −0.07 |
−0.12 |
Postsecondary | −0.24 (0.16) | −0.25 (0.16) | −0.23 (0.17) | −0.27 (0.18) | −0.15 |
−0.21 (0.15) |
K-P Wald stat. | 23.35 | 23.41 | 19.28 | 30.89 | 24.17 | 24.47 |
Number of metro areas | 79 | 78 | 27 | 79 | 79 | 79 |
All | 0.03 (0.03) | 0.01 (0.08) | 0.03 (0.05) | −0.09 (0.12) | −0.11 |
0.05 |
0.03 (0.03) | 0.02 (0.02) |
Less than secondary | 0.07 |
0.07 (0.10) | 0.07 (0.06) | −0.04 (0.14) | −0.09 (0.06) | 0.10 |
0.04 (0.03) | 0.05 |
Secondary | 0.10 |
0.05 (0.10) | 0.13 |
0.04 (0.13) | 0.04 (0.05) | 0.10 |
0.07 |
0.06 |
Postsecondary | −0.07 (0.05) | −0.06 (0.08) | −0.13 (0.08) | −0.16 (0.15) | −0.24 |
−0.04 (0.04) | −0.04 (0.05) | −0.04 (0.03) |
All | −0.08 (0.11) | 0.03 (0.28) | −0.08 (0.12) | 0.26 (0.32) | −0.03 (0.09) | −0.09 (0.12) | −0.07 (0.12) | −0.05 (0.07) |
Less than secondary | −0.04 (0.12) | 0.20 (0.29) | −0.05 (0.12) | 0.44 (0.30) | −0.01 (0.10) | −0.05 (0.12) | −0.02 (0.13) | −0.02 (0.08) |
Secondary | −0.17 (0.11) | −0.04 (0.30) | −0.19 |
0.11 (0.36) | −0.08 (0.08) | −0.18 |
−0.16 (0.11) | −0.11 |
Postsecondary | −0.01 (0.14) | −0.06 (0.30) | 0.03 (0.15) | 0.26 (0.41) | 0.07 (0.14) | −0.02 (0.14) | −0.04 (0.13) | −0.00 (0.09) |
Kleibergen-Paap Wald stat. | 17.78 | 8.88 | 38.19 | 6.30 | 61.57 | 17.79 | 14.00 | 19.49 |
Number of metro areas | 79 | 73 | 79 | 79 | 79 | 78 | 27 | 79 |
2014 mean ln(hourly wage) | −0.36 (0.46) | −0.69 (0.60) | −0.36 (0.46) | −0.31 (0.45) | −0.20 |
−0.36 (0.46) | −0.47 (0.49) | −0.68 (0.62) | −0.48 |
−0.63 |
−0.35 (0.40) |
2014 unemployment rate | 0.07 (0.29) | 0.35 (0.82) | 0.11 (0.31) | 0.58 |
−0.29 (0.33) | 0.08 (0.29) | 0.08 (0.30) | 0.04 (0.33) | 0.08 (0.33) | 0.11 (0.18) | 0.07 (0.26) |
2014 informal rate | −0.62 |
−0.80 |
−0.63 |
−0.56 |
−0.76 |
−0.60 |
−0.62 |
−0.64 (0.40) | −0.62 |
−0.34 (0.48) | −0.53 |
2014 own-account rate | −0.75 |
−1.15 |
−0.81 |
−0.73 |
−0.86 |
−0.73 |
−0.75 |
−0.80 |
−0.71 |
−0.74 |
−0.61 |
WB DB (starting a business) | 0.29 |
0.43 (0.35) | 0.34 |
0.41 |
0.28 |
0.29 |
0.28 |
0.27 |
0.26 |
0.16 |
0.26 |
WB DB (construction permits) | −0.31 (0.50) | −0.31 (0.51) | −0.31 (0.51) | −0.29 (0.52) | −0.08 |
−0.28 (0.49) | −0.36 (0.51) | −0.30 (0.53) | −0.35 (0.61) | −0.18 (0.23) | −0.26 (0.47) |
WB DB (registering property) | −0.36 (0.43) | −0.37 (0.43) | −0.38 (0.50) | −0.34 (0.39) | −0.38 |
−0.37 (0.43) | −0.50 (0.45) | −0.33 (0.45) | −0.34 (0.54) | −0.20 (0.16) | −0.30 (0.39) |
WB DB (paying taxes) | −0.06 (0.23) | −0.28 (0.53) | −0.05 (0.25) | 0.30 (0.25) | −0.49 |
−0.05 (0.24) | −0.06 (0.23) | −0.07 (0.24) | −0.11 (0.27) | 0.01 (0.12) | −0.05 (0.22) |
2014 per capita GDP | −0.13 (0.32) | −0.15 (0.33) | −0.14 |
−0.20 (0.33) | 0.09 |
−0.11 (0.31) | −0.18 (0.30) | −0.12 (0.33) | −0.18 |
−0.14 (0.15) | −0.14 (0.30) |
474 | 438 | 474 | 474 | 474 | 474 | 468 | 162 | 79 | 474 | 474 |
Migrant share | −0.97 |
−1.14 |
−1.02 |
−0.55 (0.39) | −1.28 |
−0.94 |
−1.23 |
−1.01 |
−1.01 |
Migrant share interacted with: 2014 mean ln(hourly wage) | −0.36 (0.46) | ||||||||
2014 unemployment rate | 0.07 (0.29) | ||||||||
2014 informal rate | −0.62 |
||||||||
2014 own-account rate | −0.75 |
||||||||
2017 WB DB (starting a business) | 0.29 |
||||||||
2017 WB DB (construction permits) | −0.31 (0.50) | ||||||||
2017 WB DB (registering property) | −0.36 (0.43) | ||||||||
2017 WB DB (paying taxes) | −0.06 (0.23) | ||||||||
2014 per capita GDP | −0.13 (0.32) | ||||||||
K-P Wald stat. | 12.38 | 9.51 | 14.11 | 13.27 | 36.46 | 11.55 | 8.73 | 9.03 | 13.31 |
474 | 474 | 474 | 474 | 474 | 474 | 474 | 474 | 474 |
All | −0.09 |
−0.02 (0.07) | −0.04 (0.09) | 0.01 (0.02) | 25.69 |
Female | −0.09 |
−0.00 (0.06) | −0.03 (0.10) | 0.01 (0.01) | 25.35 |
Male | −0.08 |
−0.03 (0.10) | −0.05 (0.09) | 0.02 (0.03) | 26.10 |
Age 15–24 years | −0.10 |
−0.02 (0.08) | −0.31 |
−0.01 (0.00) | 24.77 |
Age 25–34 years | −0.02 (0.05) | −0.01 (0.08) | 0.07 (0.11) | −0.00 (0.02) | 23.15 |
Age 35–44 years | −0.09 |
−0.04 (0.08) | 0.10 (0.09) | 0.04 (0.03) | 25.02 |
Age 45–54 years | −0.10 |
−0.00 (0.06) | 0.02 (0.08) | 0.03 (0.03) | 29.18 |
Age 55–64 years | −0.10 |
−0.03 (0.05) | −0.01 (0.11) | 0.05 |
29.02 |
Less than secondary | −0.10 |
−0.05 (0.08) | −0.06 (0.10) | 0.02 (0.03) | 31.28 |
Secondary | −0.05 (0.04) | −0.07 (0.07) | 0.06 (0.11) | −0.00 (0.02) | 26.91 |
Postsecondary | −0.08 |
0.01 (0.06) | −0.04 (0.10) | 0.03 (0.02) | 19.22 |
ln(hourly wage) | −0.73 |
−1.05 |
0.209 |
ln(hours/week) | 0.08 (0.26) | 0.27 (0.27) | 0.399 |
Unemployment | 0.01 (0.13) | −0.08 (0.07) | 0.255 |
Labor force participation | −0.10 (0.12) | −0.21 |
0.355 |
K-P Wald stat | 23.35 | ||
474 | 474 | ||
Year FE, City FE | X | X |
All | −1.05 |
0.27 (0.27) | −0.08 (0.07) | −0.21 |
23.35 |
Male | −1.16 |
0.37 |
−0.05 (0.08) | −0.18 |
24.34 |
Female | −0.91 |
0.19 (0.39) | −0.12 (0.08) | −0.22 |
22.22 |
Age 15–24 years | −0.94 |
0.14 (0.46) | −0.01 (0.12) | −0.54 |
21.34 |
Age 25–34 years | −0.97 |
0.31 (0.21) | −0.13 (0.10) | −0.08 (0.07) | 22.11 |
Age 35–44 years | −1.10 |
0.29 (0.20) | −0.06 (0.07) | −0.07 (0.06) | 23.39 |
Age 45–54 years | −1.01 |
0.34 (0.25) | −0.10 |
−0.11 (0.10) | 26.11 |
Age 55–64 years | −1.21 |
0.24 (0.38) | −0.02 (0.05) | −0.10 (0.11) | 23.71 |
Less than secondary | −1.42 |
0.50 (0.34) | −0.05 (0.06) | −0.23 |
28.72 |
Secondary | −0.86 |
0.32 (0.21) | −0.02 (0.09) | −0.12 |
25.64 |
Postsecondary | −0.75 |
−0.02 (0.23) | −0.18 |
−0.24 (0.16) | 17.22 |
Male (%) | 48.5 (50) | 49.6 (50) |
Age (years) | 36.5 (13.9) | 31.5 (11.3) |
Labor force participation (%) | 71.7 (45) | 79.4 (40.5) |
Unemployment (%) | 11.4 (31.7) | 14.8 (35.5) |
Median hourly wage (2010 USD) | 2.3 (6.1) | 1.6 (4.8) |
Hours/week | 45.2 (15.9) | 49.6 (17.4) |
Own account (%) | 25.3 (43.5) | 32.1 (46.7) |
Informal (%) | 56 (49.6) | 88.3 (32.1) |
447,264 | 21,730 |
1-year migrant share (data until 2019) | −1.45 (1.29) | −3.53 |
−3.96 |
−3.82 |
1-year migrant share (data until 2017) | −2.18 (2.35) | −4.80 |
−5.15 |
−5.74 |
Number of units | 79 | 79 | 79 | 79 |
1-year migrant share (data until 2019) | −1.38 (1.67) | −3.05 |
−3.60 |
−3.58 |
1-year migrant share (data until 2017) | −2.76 (3.03) | −4.40 |
−5.03 |
−5.65 |
Number of units | 23 | 23 | 23 | 23 |
1-year migrant share (data until 2019) | −1.80 (1.65) | −4.01 |
−4.31 |
−4.17 |
1-year migrant share (data until 2017) | −3.58 (3.15) | −5.38 |
−5.29 |
−6.33 |
Number of units | 24 | 24 | 24 | 24 |
All | −1.05 |
−1.02 (0.68) | −1.07 |
−0.53 (0.67) | −0.59 |
−1.06 |
Less than secondary | −1.42 |
−1.43 |
−1.45 |
−0.45 (0.57) | −0.57 (0.40) | −1.42 |
Secondary | −0.86 |
−0.93 (0.68) | −0.86 |
−0.54 (0.58) | −0.32 (0.23) | −0.87 |
Postsecondary | −0.75 |
−0.65 (0.99) | −0.76 |
−0.33 (1.18) | −0.71 |
−0.82 |
All | 0.27 (0.27) | −0.50 |
0.27 (0.28) | −0.68 |
0.47 |
0.28 (0.26) |
Less than secondary | 0.50 (0.34) | −0.58 (0.37) | 0.51 (0.35) | −0.74 |
0.67 |
0.52 (0.34) |
Secondary | 0.32 (0.21) | −0.29 (0.28) | 0.32 (0.21) | −0.37 (0.25) | 0.50 |
0.32 |
Postsecondary | −0.02 (0.23) | −0.52 |
−0.04 (0.25) | −0.80 |
0.16 (0.22) | −0.02 (0.22) |
All | −0.08 (0.07) | −0.15 (0.20) | −0.09 (0.07) | −0.38 |
−0.25 |
−0.12 (0.08) |
Less than secondary | −0.05 (0.06) | −0.13 (0.17) | −0.06 (0.06) | −0.34 |
−0.17 |
−0.07 (0.07) |
Secondary | −0.02 (0.09) | −0.21 (0.19) | −0.02 (0.08) | −0.41 |
−0.21 (0.14) | −0.04 (0.08) |
Postsecondary | −0.18 |
−0.21 (0.24) | −0.18 |
−0.47 |
−0.37 |
−0.19 |
All | −0.21 |
0.07 (0.18) | −0.20 |
0.05 (0.23) | −0.20 |
−0.13 (0.09) |
Less than secondary | −0.23 |
0.09 (0.23) | −0.23 |
0.04 (0.31) | −0.20 |
−0.17 (0.11) |
Secondary | −0.12 |
−0.02 (0.15) | −0.09 (0.07) | 0.00 (0.17) | −0.14 |
−0.11 (0.07) |
Postsecondary | −0.24 (0.16) | 0.13 (0.16) | −0.25 (0.16) | 0.17 (0.19) | −0.26 |
−0.21 (0.15) |
K-P Wald stat. | 23.35 | 13.07 | 28.14 | 13.95 | 88.40 | 23.61 |
Number of metro areas | 79 | 73 | 79 | 79 | 79 | 79 |
All | −0.06 |
−0.03 (0.08) | 0.07 (0.04) | −0.01 (0.02) | −0.09 |
0.29 |
25.69 |
Female | 0.02 (0.03) | −0.05 (0.05) | 0.02 (0.06) | −0.03 (0.02) | −0.07 |
0.24 |
25.35 |
Male | −0.15 |
−0.00 (0.10) | 0.12 |
0.02 (0.03) | −0.11 |
0.35 |
26.10 |
Age 15–24 years | −0.16 |
−0.19 |
−0.01 (0.07) | −0.04 (0.05) | −0.01 (0.02) | 0.15 (0.11) | 24.77 |
Age 25–34 years | −0.11 |
0.01 (0.13) | 0.11 |
0.15 |
−0.11 |
0.49 |
23.15 |
Age 35–44 years | 0.00 (0.03) | 0.08 (0.09) | 0.08 |
−0.03 (0.04) | −0.18 |
0.36 |
25.02 |
Age 45–54 years | −0.04 (0.05) | 0.07 (0.05) | 0.12 |
−0.08 |
−0.04 (0.03) | 0.35 |
29.18 |
Age 55–64 years | 0.09 |
−0.12 (0.09) | 0.02 (0.08) | −0.05 (0.03) | −0.06 |
0.09 (0.08) | 29.02 |
Less than secondary | −0.09 |
−0.04 (0.07) | −0.01 (0.06) | −0.02 |
−0.01 |
0.18 (0.11) | 31.28 |
Secondary | −0.14 |
−0.04 (0.06) | 0.15 |
−0.00 (0.05) | 0.00 (0.01) | 0.28 |
26.91 |
Postsecondary | −0.02 (0.02) | −0.02 (0.09) | 0.12 |
0.04 (0.04) | −0.20 |
0.49 |
19.22 |
Migrant share | −0.73 |
−1.05 |
−1.13 |
−1.16 |
K-P Wald stat. | 23.35 | 21.78 | 28.54 | |
Number of units | 79 | 79 | 79 | 79 |
Migrant share | −0.67 (0.49) | −0.94 |
−1.03 |
−1.08 |
K-P Wald stat. | 29.58 | 19.88 | 46.11 | |
Number of units | 23 | 23 | 23 | 23 |
Migrant share | −0.83 (0.51) | −1.19 |
−1.21 |
−1.27 |
K-P Wald stat. | 19.07 | 20.90 | 35.20 | |
Number of units | 24 | 24 | 24 | 24 |
Foreigner share (2018 GEIH) | −0.26 (0.60) | −1.07 |
−1.05 |
−1.24 |
Foreigner share (2018 census) | −0.54 (0.49) | −1.26 |
−1.21 |
−1.45 |
Number of units | 79 | 79 | 79 | 79 |
Foreigner share (2018 GEIH) | −0.09 (0.63) | −0.87 |
−0.89 |
−1.07 |
Foreigner share (2018 census) | −0.39 (0.54) | −1.13 |
−1.09 |
−1.35 |
Number of units | 23 | 23 | 23 | 23 |
Foreigner share (2018 GEIH) | −0.25 (0.59) | −1.02 |
−0.97 |
−1.19 |
Foreigner share (2018 census) | −0.46 (0.79) | −1.36 |
−1.32 |
−1.53 |
Number of units | 24 | 24 | 24 | 24 |
Occup skill Group 1 | −0.06 |
−0.05 (0.08) | −0.05 |
0.04 (0.07) | −0.00 (0.04) | −0.06 |
−0.07 |
−0.07 |
−0.06 |
−0.04 |
−0.06 |
Occup skill Group 2 | −0.03 (0.08) | 0.15 (0.10) | −0.05 (0.07) | 0.21 |
0.03 (0.08) | −0.01 (0.08) | −0.03 (0.08) | −0.03 (0.08) | −0.04 (0.07) | −0.02 (0.04) | −0.03 (0.08) |
Occup skill Group 3 | 0.07 (0.04) | 0.16 |
0.08 (0.05) | 0.21 |
0.05 (0.05) | 0.09 |
0.06 (0.04) | 0.06 (0.04) | 0.08 |
0.04 (0.03) | 0.06 (0.04) |
Occup skill Group 4 | −0.01 (0.02) | 0.03 (0.05) | 0.00 (0.03) | 0.04 (0.06) | 0.02 (0.02) | −0.01 (0.02) | −0.01 (0.02) | −0.00 (0.02) | −0.00 (0.02) | −0.01 (0.02) | −0.01 (0.02) |
Occup skill Group 5 | −0.09 |
−0.11 |
−0.09 |
−0.14 |
−0.11 |
−0.09 |
−0.08 |
−0.09 |
−0.09 |
−0.06 |
−0.09 |
Underemployed | 0.29 |
0.52 (0.32) | 0.26 |
0.57 |
0.31 |
0.29 |
0.28 |
0.30 |
0.33 |
0.18 |
0.28 |
Formal salaried | −0.09 |
−0.10 |
−0.08 |
−0.07 (0.04) | −0.09 |
−0.09 |
−0.08 |
−0.09 |
−0.07 |
−0.06 |
−0.06 |
Informal salaried | −0.02 (0.07) | 0.07 (0.16) | 0.01 (0.07) | 0.18 (0.15) | 0.09 (0.06) | −0.04 (0.06) | −0.03 (0.07) | −0.01 (0.07) | −0.07 (0.08) | −0.01 (0.05) | 0.00 (0.06) |
Own account | −0.04 (0.09) | 0.09 (0.21) | −0.06 (0.08) | 0.13 (0.22) | −0.08 (0.13) | −0.04 (0.09) | −0.04 (0.09) | −0.05 (0.09) | 0.01 (0.07 | −0.03 (0.05) | −0.07 (0.09) |
Employer | 0.01 (0.02) | 0.04 (0.05) | 0.02 (0.02) | 0.07 (0.04) | 0.06 |
0.02 (0.02) | 0.01 (0.02) | 0.02 (0.02) | 0.02 (0.02 | 0.01 (0.01) | 0.01 (0.02) |
Kleibergen-Paap Wald stat. | 25.69 | 12.80 | 30.99 | 14.50 | 102.73 | 24.59 | 25.77 | 20.69 | 33.17 | 26.38 | 26.37 |
Number of metro areas | 79 | 73 | 79 | 79 | 79 | 79 | 78 | 27 | 79 | 79 | 79 |
Migrant share | 0.07 |
−0.03 (0.08) | 0.11 |
Sample mean | 18.76 | 7.14 | 11.62 |
Migrant share | 0.20 |
−0.19 (0.24) | 0.39 |
Sample mean | 54.60 | 14.43 | 40.17 |
Migrant share | 0.13 (0.11) | 0.20 |
−0.07 (0.09) |
Sample mean | 18.82 | 7.17 | 11.65 |
Migrant share | 0.28 (0.34) | 0.49 |
−0.21 (0.33) |
Sample mean | 54.69 | 14.45 | 40.24 |
All | 0.06 (0.06) | 0.03 (0.03) | 6.58 | −0.04 (0.25) | −0.08 (0.11) | 10.17 | 17.78 |
Male | 0.08 (0.06) | 0.06 (0.04) | 6.76 | 0.01 (0.26) | −0.04 (0.12) | 10.16 | 18.13 |
Female | 0.05 (0.06) | 0.01 (0.03) | 6.42 | −0.07 (0.23) | −0.11 (0.11) | 10.17 | 17.48 |
Age 15–24 years | 0.07 (0.08) | 0.05 (0.06) | 7.67 | −0.02 (0.32) | −0.06 (0.16) | 14.88 | 16.69 |
Age 25–34 years | 0.05 (0.08) | −0.03 (0.05) | 9.49 | −0.09 (0.32) | −0.13 (0.15) | 13.02 | 16.74 |
Age 35–44 years | 0.05 (0.09) | 0.03 (0.05) | 6.64 | −0.06 (0.25) | −0.10 (0.11) | 9.03 | 17.02 |
Age 45–54 years | 0.07 (0.05) | 0.07 |
3.97 | −0.04 (0.14) | −0.09 (0.06) | 5.62 | 20.18 |
Age 55–64 years | 0.04 (0.03) | 0.05 |
3.09 | −0.04 (0.13) | −0.09 (0.07) | 4.24 | 20.09 |
Less than secondary | 0.10 |
0.07 |
5.54 | −0.01 (0.25) | −0.04 (0.12) | 8.87 | 21.90 |
Secondary | 0.08 (0.08) | 0.10 |
6.62 | −0.08 (0.23) | −0.17 (0.11) | 10.04 | 17.97 |
Postsecondary | 0.00 (0.08) | −0.07 (0.05) | 7.70 | −0.02 (0.28) | −0.01 (0.14) | 11.71 | 13.30 |