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Table 6 Real hourly wages, average marginal effects

From: The labor market for older workers in GermanyDer Arbeitsmarkt für ältere Arbeitnehmer in Deutschland

 

Men

Women

West Germany

East Germany

West Germany

East Germany

AME

se

AME

se

AME

se

AME

se

Year2007–8

 −2.6

1.3

  4.6

 2.7

−1.4

1.5

 −5.9

 2.7

Year2013–14

  1.0

1.5

 10.4

 2.8

 0.3

1.7

 −6.6

 2.9

Age55–59

 35.5

3.1

 18.4

 4.7

15.7

3.4

 14.3

 4.9

Age55–59 × year2007–8

−12.9

4.8

  1.3

 8.1

−9.2

5.0

  8.6

 8.3

Age55–59 × year2013–14

−11.1

4.1

−11.9

 7.1

−7.6

4.4

  4.9

 7.4

Age60–65

 60.9

5.4

 53.3

 9.9

 0.8

5.1

 38.4

11.8

Aged60–65 × year2007–8

 −1.3

5.4

 6.3

11.5

11.6

6.5

−12.6

17.8

Aged60–65 × year2013–14

−24.5

6.2

−27.4

 9.7

11.2

5.9

  6.5

12.7

  1. Notes: The dependent variable is the log of the real hourly wage; wages below 1.5 € and above 150 € are excluded, nominal hourly wages are deflated by the CPI; AME – marginal effect gives the percentage change of the real hourly wage of employed people (conditional expectation of wages, given employment) derived from pooled OLS regressions with sample-correction for employment status for the years 2000/01, 2007/08, and 2013/14; standard errors (se) are clustered to account for the panel structure of the SOEP estimation sample. The wage regressions are estimated separately by gender and region include dummies for an individual’s educational/vocational qualification, health status and nationality as additional control variables and. The first-stage probit employment equation includes as exclusion restrictions dummies for marital status, children, and other household income and its square
  2. Source: Own calculations based on SOEP data 2000–2014