Table 5 Log hourly reservation and log hourly entry wages

Age: 26–35 Years (Ref: 18–25)

0.1472***

0.1315***

0.1983***

0.1362***

0.0901**

0.1572***

(0.0288)

(0.0298)

(0.0440)

(0.0448)

(0.0371)

(0.0412)

Age: 36–45 Years

0.1725***

0.1659***

0.1835***

0.2487***

0.1362***

0.1378***

(0.0302)

(0.0325)

(0.0489)

(0.0492)

(0.0394)

(0.0446)

Age: 46–55 Years

0.1752***

0.1354***

0.1849***

0.1898***

0.1473***

0.1055**

(0.0345)

(0.0373)

(0.0526)

(0.0543)

(0.0461)

(0.0496)

Age: 56–65 Years

0.2268***

0.1948***

0.2341***

0.2360***

0.2142***

0.1458*

(0.0425)

(0.0529)

(0.0570)

(0.0691)

(0.0695)

(0.0789)

Female

−0.0660***

−0.1302***

(0.0202)

(0.0206)

Children

0.0365

0.0671***

0.0036

0.1220***

0.0680**

0.0165

(0.0227)

(0.0231)

(0.0358)

(0.0328)

(0.0295)

(0.0322)

School: Intermediate School (Ref: Secondary School)

−0.0170

0.0733***

−0.0546

0.0577

−0.0073

0.0755**

(0.0230)

(0.0269)

(0.0345)

(0.0382)

(0.0315)

(0.0376)

School: Upper School

0.1865***

0.1935***

0.1998***

0.1573***

0.1786***

0.1976***

(0.0288)

(0.0318)

(0.0471)

(0.0480)

(0.0367)

(0.0422)

Vocational Degree

−0.0254

0.0135

0.0420

0.0344

−0.0572**

−0.0160

(0.0223)

(0.0260)

(0.0353)

(0.0376)

(0.0289)

(0.0344)

College Degree

0.0654*

0.1865***

−0.0214

0.1962***

0.1099***

0.1657***

(0.0338)

(0.0337)

(0.0656)

(0.0500)

(0.0388)

(0.0439)

Health: Normal (Ref: Good)

−0.0299

−0.0030

−0.0399

−0.0376

−0.0209

0.0145

(0.0229)

(0.0235)

(0.0391)

(0.0326)

(0.0285)

(0.0327)

Health: Bad

−0.0729***

−0.0324

−0.0779*

−0.0511

−0.0735**

−0.0281

(0.0282)

(0.0375)

(0.0434)

(0.0684)

(0.0370)

(0.0440)

Household Income

0.0701***

0.2054***

0.0927***

0.3390***

0.0549**

0.0981***

(0.0169)

(0.0225)

(0.0269)

(0.0349)

(0.0229)

(0.0283)

German

−0.0404

0.1327***

−0.0914

0.1581***

−0.0040

0.1340*

(0.0438)

(0.0474)

(0.0664)

(0.0599)

(0.0579)

(0.0755)

Unemployment Rate

−0.0161

−0.0085

0.0121

−0.0207

−0.0356*

0.0095

(0.0166)

(0.0167)

(0.0300)

(0.0223)

(0.0188)

(0.0249)

Year 2008

0.0003

−0.0218

0.1059

−0.0391

−0.0683*

−0.0111

(0.0359)

(0.0327)

(0.0655)

(0.0446)

(0.0406)

(0.0474)

Federal States

Yes

Yes

Yes

Yes

Yes

Yes

Constant

1.6160***

0.0938

1.0572***

−0.8232**

1.9041***

0.6313*

(0.2128)

(0.2637)

(0.3470)

(0.3700)

(0.2694)

(0.3831)

R ²

0.1592

0.2635

0.1761

0.3746

0.1766

0.2023

Adjusted R ²

0.1458

0.2517

0.1442

0.3534

0.1548

0.1789

F-Test

14.1749

20.8078

6.0783

16.5399

11.6065

8.6610

Number of observations

1905

1907

780

888

1125

1019

Number of individuals

1522

1757

617

819

905

938