Table 6 Log monthly reservation and log monthly entry wages

Age: 26–35 Years (Ref: 18–25)

0.0300

0.2623***

0.2296***

0.3652***

−0.0917*

0.2868***

(0.0364)

(0.0445)

(0.0524)

(0.0616)

(0.0483)

(0.0595)

Age: 36–45 Years

0.0309

0.2507***

0.2370***

0.4598***

−0.0706

0.2058***

(0.0377)

(0.0477)

(0.0542)

(0.0641)

(0.0499)

(0.0664)

Age: 46–55 Years

−0.0345

0.1267**

0.1408**

0.3125***

−0.1500***

0.0365

(0.0387)

(0.0538)

(0.0555)

(0.0778)

(0.0529)

(0.0712)

Age: 56–65 Years

−0.0264

0.1099

0.1516**

0.3017***

−0.1787**

−0.0120

(0.0502)

(0.0798)

(0.0649)

(0.0958)

(0.0768)

(0.1302)

Female

−0.3476***

−0.5675***

(0.0240)

(0.0299)

Children

−0.0833***

−0.1506***

0.0201

0.1536***

−0.1213***

−0.4111***

(0.0265)

(0.0322)

(0.0368)

(0.0439)

(0.0364)

(0.0443)

School: Intermediate School (Ref: Secondary School)

−0.0497*

0.1036***

−0.0464

0.0453

−0.0494

0.1470***

(0.0269)

(0.0396)

(0.0367)

(0.0513)

(0.0375)

(0.0556)

School: Upper School

0.1369***

0.0985**

0.1300**

−0.0388

0.1659***

0.1792***

(0.0397)

(0.0482)

(0.0572)

(0.0663)

(0.0516)

(0.0660)

Vocational Degree

0.0213

0.1766***

0.0904**

0.1299***

−0.0106

0.1689***

(0.0269)

(0.0365)

(0.0381)

(0.0497)

(0.0349)

(0.0497)

College Degree

0.1709***

0.4437***

0.0509

0.3913***

0.2331***

0.4330***

(0.0409)

(0.0493)

(0.0631)

(0.0652)

(0.0524)

(0.0666)

Health: Normal (Ref: Good)

−0.0439

−0.0046

−0.0494

−0.0372

−0.0339

0.0040

(0.0284)

(0.0342)

(0.0423)

(0.0444)

(0.0361)

(0.0466)

Health: Bad

−0.0264

−0.0742

−0.0661

−0.1209

−0.0272

−0.0217

(0.0308)

(0.0591)

(0.0431)

(0.0890)

(0.0412)

(0.0737)

Household Income

0.0157

0.3644***

0.1489***

0.5130***

−0.0727***

0.2565***

(0.0212)

(0.0325)

(0.0306)

(0.0480)

(0.0280)

(0.0416)

German

−0.0775*

0.0547

0.0426

0.1290*

−0.0982*

0.0987

(0.0442)

(0.0594)

(0.0610)

(0.0707)

(0.0569)

(0.0955)

Unemployment Rate

−0.0202

−0.0270

0.0091

−0.0160

−0.0397*

−0.0149

(0.0183)

(0.0235)

(0.0297)

(0.0302)

(0.0212)

(0.0347)

Year 2008

0.0189

−0.0522

0.1190*

−0.0567

−0.0458

−0.0328

(0.0418)

(0.0462)

(0.0684)

(0.0586)

(0.0480)

(0.0664)

Federal States

Yes

Yes

Yes

Yes

Yes

Yes

Constant

7.2950***

4.0350***

5.5663***

2.6868***

7.9778***

4.1969***

(0.2549)

(0.3614)

(0.3964)

(0.4713)

(0.3048)

(0.5230)

R ²

0.1705

0.3286

0.1717

0.3786

0.1307

0.2567

Adjusted R ²

0.1572

0.3179

0.1396

0.3576

0.1076

0.2349

F-Test

13.2320

31.7960

6.2550

16.7539

7.0934

14.4404

Number of observations

1905

1907

780

888

1125

1019

Number of individuals

1522

1757

617

819

905

938