Table 7 Panel Regressions on effort
From: Can reference points explain wage rigidity? Experimental evidence
(1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
RE | RE | RE | RE | FE | FE | |
Wage | 0.132\(***\) | 0.132\(***\) | 0.132\(***\) | 0.162\(***\) | 0.131\(***\) | 0.161\(***\) |
(0.0183) | (0.0184) | (0.0185) | (0.0341) | (0.0186) | (0.0336) | |
CasRP-dummy | 0.219 | 0.345 | 0.343 | 1.217 | ||
(0.281) | (0.264) | (0.265) | (1.143) | |||
CasRP-F-dummy | 0.0701 | 0.257 | 0.255 | 0.530 | ||
(0.331) | (0.306) | (0.307) | (0.973) | |||
WasRP-dummy | 0.0460 | 0.0948 | 0.0950 | 1.242 | ||
(0.333) | (0.331) | (0.333) | (1.032) | |||
Recession-dummy | 0.334\(***\) | 0.640\(***\) | 0.630\(***\) | 0.556\(***\) | 0.624\(***\) | 0.548\(***\) |
(0.0905) | (0.128) | (0.128) | (0.170) | (0.122) | (0.165) | |
Rec \(\times\) CasRP | \(-\)0.386\(***\) | |||||
(0.143) | ||||||
Rec \(\times\) CasRP-F | \(-\)0.637\(***\) | |||||
(0.195) | ||||||
Rec \(\times\) WasRP | \(-\)0.137 | |||||
(0.184) | ||||||
Rec \(\times\) CasRP \(\times\) Wage cut | \(-\)0.548\(***\) | \(-\)0.407\(*\) | \(-\)0.547\(***\) | \(-\)0.402\(*\) | ||
(0.141) | (0.213) | (0.137) | (0.209) | |||
Rec \(\times\) CasRP \(\times\) No wage cut | \(-\)0.222 | \(-\)0.148 | \(-\)0.214 | \(-\)0.137 | ||
(0.172) | (0.223) | (0.168) | (0.219) | |||
Rec \(\times\) CasRP-F \(\times\) Wage cut | \(-\)0.798\(***\) | \(-\)0.623\(***\) | \(-\)0.789\(***\) | \(-\)0.606\(**\) | ||
(0.167) | (0.241) | (0.163) | (0.236) | |||
Rec \(\times\) CasRP-F \(\times\) No Wage cut | \(-\)0.519\(**\) | \(-\)0.468 | \(-\)0.527\(**\) | \(-\)0.472 | ||
(0.253) | (0.285) | (0.251) | (0.281) | |||
Rec \(\times\) WasRP \(\times\) Wage cut | \(-\)0.378\(**\) | \(-\)0.401\(*\) | \(-\)0.379\(**\) | \(-\)0.404\(*\) | ||
(0.156) | (0.210) | (0.154) | (0.211) | |||
Rec \(\times\) WasRP \(\times\) No Wage cut | 0.106 | 0.177 | 0.111 | 0.184 | ||
(0.212) | (0.242) | (0.209) | (0.240) | |||
Wage\(^2\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) |
Wage*CasRP & Wage\(^2\)*CasRP | \(\checkmark\) | \(\checkmark\) | ||||
Wage*CasRP-F & Wage\(^2\)*CasRP-F | \(\checkmark\) | \(\checkmark\) | ||||
Wage*WasRP & Wage\(^2\)*WasRP | \(\checkmark\) | \(\checkmark\) | ||||
Period & Period\(^2\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) | \(\checkmark\) |
Constant | \(-\)3.004\(***\) | \(-\)3.128\(***\) | \(-\)3.082\(***\) | \(-\)3.626\(***\) | \(-\)2.856\(***\) | \(-\)2.816\(***\) |
(0.503) | (0.495) | (0.494) | (0.863) | (0.499) | (0.401) | |
Observations | 2858 | 2858 | 2858 | 2858 | 2858 | 2858 |
R\(^2\) | 0.517 | 0.518 | 0.519 | 0.520 | 0.622 | 0.627 |