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Table 6 Panel regressions on effort - CasRP

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

  1. Notes: Panel fixed effects (FE) regressions on effort, only for the CasRP treatment. Standard errors are reported in parentheses, adjusted for clustering at the session level since observations may be dependent within session. \(***\) indicates significance at the 1 percent level, \(**\) at the 5 percent level, and \(*\) at the 10 percent level