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Table 4 Estimates of fractional logit, (2), DRWR per year and sector, marginal effects

From: Sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competitionBranchenspezifische Unterschiede in der Abwärtsreallohnstarrheit: Arbeitskraftstruktur, Institutionen, Technologie und Wettbewerb

Dep. var. DRWR jt

2A

2B

2C

2D

2E

age jt

−0.022 (−1.87)

−0.007 (−0.55)

−0.012 (−1.01)

−0.021 (−1.81)

0.016 (1.10)

blue-collars jt

−0.000 (−0.41)

0.001 (0.72)

−0.002 (−2.32)

−0.001 (−1.58)

−0.000 (−0.75)

size jt

 

−14.06 (−3.16)

   

K/L j

  

−0.018 (−5.81)

  

profit elasticity jt

   

0.030 (2.65)

 

firm-level agr. coverage j

    

−0.005 (−4.16)

Year dummies

Yes

Yes

Yes

Yes

Yes

Sector dummies

No

No

No

No

No

Log likelihood

−80.9

−80.4

−79.4

−80.5

−79.8

Number of obs.

173

173

173

173

173

  1. Notes: The constant and year dummies are not reported to save space; age jt is the average age of workers; blue-collars jt is the percentage of blue-collar workers; size jt is the average size of firms, measured in thousands of employees; K/L j is the capital-labour ratio, measured in thousands of euro; profit elasticity jt is our preferred measure of competition; firm-level agr. coverage j is the percentage of blue-collar workers covered by firm-level collective agreements
  2. // indicate significance at the 0.10, 0.05 and 0.01 level, respectively; robust z-statistics in brackets