Using the job requirements approach and matched employer-employee data to investigate the content of individuals’ human capital

Journal for Labour Market Research

Table 7 Hedonic wage equations. Returns to Core employees

	MODEL 1	MODEL 2	MODEL 3	MODEL 4	MODEL 5	MODEL 6	MODEL 7	MODEL 8	MODEL 9
Problem-solving	0.016***	0.002	0.008*	0.002					0.000
Client communication	−0.016***	−0.000	−0.000	0.004					0.005
High-level communication	0.057***	0.037***	0.056***	0.040***					0.030***
Planning skills	0.015***	0.018***	0.018***	0.019***					0.016***
Horizontal communication	−0.023***	−0.007	−0.019***	−0.011**					−0.009*
Numeracy skills	0.056***	0.030***	0.040***	0.031***					0.029***
Technical know-how	0.022***	0.011*	0.019***	0.007					−0.002
Literacy skills	0.010	0.019***	0.001	0.006					−0.000
Computer use	−0.001	0.017***	−0.004	0.008					0.003
Education level 2					0.088***	0.075***	0.079***	0.079***	0.074***
Education level 3					0.190***	0.169***	0.182***	0.182***	0.171***
Education level 4					0.279***	0.288***	0.276***	0.276***	0.253***
Experience					0.011***	0.012***	0.013***	0.013***	0.013***
Experience²					−0.000***	−0.000***	−0.000***	−0.000***	−0.000***
Tenure					0.009***	0.015***	0.009***	0.009***	0.009***
Tenure²					−0.000***	−0.000***	−0.000***	−0.000***	−0.000***
Training					0.036***	0.033***	0.041***	0.034***	0.028***
Individual level controls	No	Yes	No	Yes	No	Yes	No	Yes	Yes
Firm level controls	No	No	Yes	Yes	No	No	Yes	Yes	Yes
Constant	7.021***	6.828***	7.459***	6.857***	6.702***	6.550***	6.403***	6.041***	5.970***
St. error of est./Log likelihood	−4577.177	−4249.578	−4416.151	−4169.267	−4468.259	−4111.456	−4267.837	−4036.759	−3997.010
Chi²/Probability	3149	1011.12	603.77	1292.35	447.66	1260.32	1000.69	1576.01	1740.56
McKelvey&Zavoina’s R²	0.064	0.236	0.158	0.274	0.128	0.303	0.235	0.335	0.357

N = 3149
* denotes significant at 10 %; ** denotes significant at 5 %; *** denotes significant at 1 %