Independent variable | Estimation method: OLS Dependent variable: Average wage (Euro) | ||
---|---|---|---|
Model 1 | Model 2 | ||
Share of highly qualified employees (Percent) | β | 682.15 | 560.29 |
p | 0.000 | 0.000 | |
Share of medium qualified employees (Percent) | β | 119.36 | 82.04 |
p | 0.000 | 0.000 | |
Firm size (number of employees) | β |  | 0.621 |
P | Â | 0.000 | |
Firm size (squared) | β |  | −4.17e–6 |
p | Â | 0.003 | |
4digit industry dummy variables | Â | Not included | Included |
Constant | β | 21,832.53 | 5,426.15 |
P | 0.000 | 0.281 | |
Number of enterprises | 4,588 | 4,588 | Â |
R 2 | 0.293 | 0.468 | Â |