	(1)	(2)	(3)	(4)	(5)
VARIABLES	D6040_fr_black	D6040_fr_black	D6040_fr_black	D6040_fr_black	D6040_fr_black
					
Z_40to60_p40	1.071***	1.032***	1.098***	1.093***	1.081***
	(0.289)	(0.287)	(0.291)	(0.291)	(0.289)
					
Observations	311,803	141,332	170,471	79,721	59,665
Robust standard errors in parentheses					
*** p<0.01, ** p<0.05, * p<0.1					
