Sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competition

Journal for Labour Market Research

Table 3 Estimates of fractional logit, (1), DRWR per year, occupation, age category and sector, marginal effects

Dep. v. DRWR_kajt	Model 1A	Model 1B	Model 1C	Model 1D
D white-collar_kajt	0.071^∗∗∗ (4.05)	0.087^∗∗∗ (5.21)	0.135^∗∗∗ (5.17)	0.112^∗∗∗ (510.)
D age: 25–44_kajt	−0.052^∗∗ (−2.40)	−0.060^∗∗∗ (−2.77)	−0.022 (−0.88)	−0.023 (−0.92)
D age: 45+_kajt	−0.033 (−1.42)	−0.048^∗∗ (−2.04)	0.006 (0.22)	0.017 (0.58)
bonus_kaj ^†			−0.031^∗∗∗ (−2.97)
earnings_kajt ^†				−1.850^∗∗∗ (−2.87)
Year dummies	Yes	Yes	Yes	Yes
Sector dummies	No	Yes	No	No
Log likelihood	−367.7	−352.5	−366.4	−366.7
Number of obs.	758	758	758	758
F test for sector dummies [p-value]		155.4 [0.00]

Notes: The constant, year dummies and sector dummies are not reported to save space
^† Measured in thousands of euro
^∗/^∗∗/^∗∗∗ indicate significance at the 0.10, 0.05 and 0.01 level, respectively; robust z-statistics in brackets