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Table 12 Pooled OLS results for Eq. 1, specification 4

From: Wage gains from foreign ownership: evidence from linked employer–employee data

  Coefficient t-value
Majority ownerb
 Foreign 0.437 20.4
Person controls
 Male 0.154 19.1
 Age 0.032 15.2
 Age squared/100 − 0.033 13.8
 Months spent non-employed in 2003–2011 − 0.003 31.8
 Receipt of disability payment − 0.373 23.3
 Receipt of care allowance − 0.207 12.1
 Health expenditures (log) 0.002 7.3
Job controlsd
 Tenure if observed 0.001 4.3
 Tenure is unobserved 0.138 12.2
 Spell lasting for 1 day 0.354 3.1
 Top manager Ref.  
 Other managers − 0.062 1.6n
 Professional − 0.016 0.4n
 Other white collar − 0.298 9.0
 Skilled blue collar − 0.607 28.8
 Assembler, machine operator − 0.728 18.7
 Laborer in elementary occupation − 0.821 18.8
 Regional unemployment rate (log) − 0.063 5.2
 Budapest 0.142 11.3
Firm controls
 Firm size (log) 0.086 7.3
 Capital-labor ratio (log) 0.041 9.3
 Exporter 0.185 9.4
Constant − 1.650 24.0
 Adjusted R-squared 0.479  
 Number of observations 19,961,622  
  1. Skilled workers, 2003–2011
  2. Dependent variable: log daily earnings relative to the national mean. For the exact definition of the variables see Appendix 2: "Data". The coefficients of 63 sector–year dummies are not shown. The standard errors are adjusted for clustering by persons and firms. All coefficients are significant at 0.01 level except n) not significant at 0.1 level
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