Table 3 Fixed effects estimates of wage equations, 1981–1997 IABS data male young workers

FT experience (years)

0.0565 (30.53)**

FT Experience squared

−0.0018 (57.35)**

% of year spent working

 <1 year ago

0.0720 (18.97)**

0.0844 (8.07)**

0.0602 (15.34)**

 1 year ago

0.0562 (27.67)**

0.0727 (16.31)**

0.0468 (21.65)**

 2 years ago

0.0444 (22.17)**

0.0601 (13.75)**

0.0367 (17.25)**

 3 years ago

0.0355 (17.63)**

0.0552 (12.64)**

0.0273 (12.75)**

 4 years ago

0.0314 (15.52)**

0.0534 (12.26)**

0.0214 (9.96)**

 5 years ago

0.0402 (22.17)**

0.0608 (15.88)**

0.0276 (14.22)**

 6+ years ago

0.0213 (39.21)**

0.0337 (26.51)**

0.0160 (26.74)**

Unemployment (years)

−0.0190 (9.01)**

1 if in unemployment

 <1 year ago

−0.0016 (0.63)

−0.0184 (2.60)**

−0.0047 (1.76)

 1 year ago

−0.0047 (2.02)*

−0.0064 (1.00)

−0.0064 (2.70)**

 2 years ago

−0.0021 (0.90)

−0.0103 (1.60)

−0.0026 (1.06)

 3 years ago

−0.0039 (1.63)

−0.0088 (1.35)

−0.0057 (2.32)*

 4 years ago

0.0030 (1.25)

−0.0147 (2.21)*

0.0029 (1.16)

 5 years ago

0.0008 (0.34)

−0.0059 (0.86)

−0.0011 (0.45)

 6+ years ago

−0.0088 (4.50)**

−0.0182 (3.36)**

−0.0014 (0.69)

Non-work (years)

0.0118 (6.15)**

1 if in non-work

 Previous year

−0.0193 (9.41)**

−0.0093 (1.46)

−0.0186 (8.96)**

 1 year ago

−0.0146 (8.19)**

−0.0142 (2.84)**

−0.0132 (7.20)**

 2 years ago

−0.0093 (5.16)**

−0.0138 (2.77)**

−0.0064 (3.48)**

 3 years ago

−0.0074 (4.04)**

−0.0097 (1.92)

−0.0039 (2.09)*

 4 years ago

−0.0052 (2.78)**

−0.0071 (1.39)

−0.0013 (0.69)

 5 years ago

0.0017 (0.92)

0.0026 (0.51)

0.0046 (2.36)*

 6+ years ago

0.0061 (3.63)**

0.0102 (2.33)*

0.0108 (6.15)**

Compulsory service (years)

0.0098 (3.20)**

1 if compulsory service

 <1 year ago

0.0328 (9.89)**

0.0507 (6.05)**

0.0287 (8.33)**

 1 year ago

−0.0044 (1.50)

0.0152 (2.12)*

−0.0067 (2.15)*

 2 years ago

−0.0128 (4.21)**

0.0032 (0.43)

−0.0122 (3.84)**

 3 years ago

−0.0186 (5.96)**

−0.0022 (0.29)

−0.0178 (5.44)**

 4 years ago

−0.0157 (4.91)**

−0.0022 (0.29)

−0.0150 (4.51)**

 5 years ago

−0.0139 (4.29)**

−0.0093 (1.20)

−0.0117 (3.44)**

 6+ years ago

−0.0204 (9.46)**

−0.0180 (3.32)**

−0.0186 (8.20)**

Year dummies

Yes

Yes

Yes

Yes

Constant

4.6295 (683.91)**

4.6195 (655.89)**

4.5326 (261.17)**

4.6441 (627.11)**

# observations

163,503

153,248

30,632

122,616

# individuals

11,000

11,000

1429

9571

\(R^2\)

0.39

0.36

0.54

0.31

F(7, 142,204) for ue

3.86

p value

0.0003

F(7, 142,204) for ir

32.6

p value

0.0

F(7, 142,204) for nw

39.94

p value

0.0