	(1)	(2)	(3)	(4)
VARIABLES	frate	frate	frate	frate
				
jd	-0.850**			
	(0.381)			
jd_cont		-0.852*		
		(0.479)		
jd_deaths			-4.253***	
			(1.500)	
jr				-0.361
				(0.266)
				
Observations	618	618	618	618
R-squared	0.891	0.890	0.891	0.890
Robust standard errors in parentheses				
*** p<0.01, ** p<0.05, * p<0.1				
Replication of Davis et al. (2010).				
Quarterly data from 1992:Q3-2018:Q1.				
Includes time and sector fixed effects, with seven industry sectors.				
