Table 5 Profit-sharing and total compensation: difference-in-difference estimates from Eq. (2)
\( {\beta}_D \) | \( {\beta}_T \) | \( {\beta}_{TD} \) | Sample size | |
|---|---|---|---|---|
(1) No covariates | 0.057 | 0.277 | 0.057 | 3,304 |
(0.005) | (0.035) | (0.013) | ||
(2) Include \( \mathit{\mathbf{x}}_{jt} \) and \( \mathit{\mathbf{w}}_{jt} \) | 0.052 | 0.014 | 0.041 | 3,180 |
(0.009) | (0.019) | (0.015) | ||
(3) Stayers | 0.056 | 0.022 | 0.052 | 2,986 |
(0.016) | (0.019) | (0.012) | ||
(4) Movers | 0.041 | 0.022 | 0.023 | 2,542 |
(0.010) | (0.022) | (0.029) | ||
(5) All workers, matched pairs | 0.086 | 0.037 | 0.025 | 332 |
(0.012) | (0.048) | (0.018) |