From: Can reference points explain wage rigidity? Experimental evidence
(1) | (2) | (3) | (4) | |
---|---|---|---|---|
FE | FE | FE | FE | |
Wage | 0.110\(**\) | 0.113\(**\) | 0.113\(**\) | |
(0.0316) | (0.0308) | (0.0315) | ||
Recession-dummy | 0.285\(*\) | 0.408\(**\) | 0.379\(*\) | |
(0.132) | (0.150) | (0.150) | ||
Rec \(\times\) Wage cut | -0.257\(**\) | -0.176\(**\) | ||
(0.0852) | (0.0648) | |||
Wage\(^2\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | |
Wage-dummies | \(\checkmark\) | |||
Period & Period\(^2\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) |
Constant | \(-\)2.601\(**\) | \(-\)2.779\(**\) | \(-\)2.764\(**\) | 8.301\(***\) |
(0.892) | (0.837) | (0.846) | (0.696) | |
Observations | 827 | 827 | 827 | 827 |
R\(^2\) | 0.669 | 0.672 | 0.672 | 0.683 |