Table 5 Estimates of (3), DRWR per year and sector
Dep. var. DRWR jt | Model 3A | Model 3B | Model 3C | Model 3D |
|---|---|---|---|---|
Estimation technique | QML | QML | QML | OLS |
age jt | 0.017 (1.17) | |||
blue-collars jt | −0.001∗ (−1.72) | −0.001 (−1.64) | −0.001 (−1.47) | −0.001∗ (−1.73) |
size jt | −11.39∗∗ (−2.13) | −11.17∗∗ (−2.13) | −12.35∗∗ (−2.37) | −10.76∗ (−1.83) |
K/L j | −0.011∗∗∗ (−2.94) | −0.012∗∗∗ (−3.17) | −0.012∗∗∗ (−2.77) | |
profit elasticity jt | 0.025∗ (1.71) | 0.022 (1.57) | 0.044∗∗∗ (3.41) | 0.021 (1.49) |
firm-level agr. coverage j | −0.003∗ (−1.88) | −0.002 (−1.57) | −0.003∗∗ (−2.43) | −0.002 (−1.28) |
Year dummies | Yes | Yes | Yes | Yes |
Sector dummies | No | No | No | No |
Log likelihood (R 2) | −78.6 | −78.7 | −79.1 | 0.25 |
Number of obs. | 173 | 173 | 173 | 173 |