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Table 4 Profit-sharing, share ownership and total compensation: estimates of Eq.  (1)

From: The impact of financial participation on workers' compensationDer Einfluss von finanzieller Mitarbeiterbeteiligung auf die Entlohnung der Arbeitnehmer

 

\( {\beta}_P \)

\( {\beta}_S \)

Sample size

(1)  Pooled OLS, no covariates

0.256

0.185

28,774

 

(0.006)

(0.011)

 

(2)  Include \( \mathit{\mathbf{x}}_{jt} \) and \( \mathit{\mathbf{w}}_{jt} \)

0.046

0.015

20,909

 

(0.005)

(0.008)

 

(3)  No singletons

0.045

0.008

16,620

 

(0.005)

(0.009)

 

(4)  Fixed-effects

0.007

−0.002

16,620

 

(0.003)

(0.005)

 

(5)  Balanced panel (pooled OLS)

0.040

0.014

7,638

 

(0.008)

(0.014)

 

(6)  Balanced panel first difference

0.010

−0.002

7,638

 

(0.004)

(0.008)

 
  1. Note: Standard errors in parentheses are all robust to clustering at the plant level.