	(1)	(2)	(3)	(4)
VARIABLES	frate	frate	frate	frate
				
jd	-2.222***			
	(0.590)			
jd_cont		-2.580***		
		(0.763)		
jd_deaths			-7.837***	
			(2.192)	
jr				-1.416***
				(0.331)
				
Observations	324	324	324	324
R-squared	0.827	0.825	0.828	0.829
Robust standard errors in parentheses				
*** p<0.01, ** p<0.05, * p<0.1				
Replication of Davis et al. (2010).				
Quarterly data from 1992:Q3-2005:Q4.				
Includes time and sector fixed effects, with seven industry sectors.				
