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Table 14 Labor productivity in firms that have not experienced any change in the workforce

From: Diversity of experience and labor productivity in creative industries

 

Value added – OLS

Value added – OP

Wages – OLS

 

1(a)

1(b)

1(c)

2(a)

2(b)

2(c)

3(a)

3(b)

3(c)

FRACT_occu

− 0.160**

  

− 0.189*

  

− 0.129**

  
 

(0.063)

  

(0.107)

  

(0.054)

  

FRACT_ind

− 0.198*

  

− 0.153

  

− 0.147*

  
 

(0.104)

  

(0.136)

  

(0.079)

  

Occ_R

 

− 0.033

  

− 0.069

  

0.031

 
  

(0.055)

  

(0.093)

  

(0.039)

 

Occ_U

 

− 0.268***

  

− 0.267***

  

− 0.287***

 
  

(0.056)

  

(0.091)

  

(0.058)

 

Ind_R

 

0.038

  

0.100

  

0.077

 
  

(0.088)

  

(0.126)

  

(0.067)

 

Ind_U

 

− 0.271***

  

− 0.266**

  

− 0.219***

 
  

(0.093)

  

(0.121)

  

(0.078)

 

Occ_Ind_R

  

0.246**

  

0.358**

  

0.253***

   

(0.121)

  

(0.166)

  

(0.084)

Occ_Ind_U

  

− 0.271***

  

− 0.288**

  

− 0.315***

   

(0.098)

  

(0.134)

  

(0.117)

Observations

1,175

1,175

1,175

1,175

1,175

1,175

1,175

1,175

1,175

R-squared

0.275

0.294

0.274

   

0.349

0.385

0.356

  1. Robust standard errors in parentheses for columns 1 and 3. For the OP estimations, bootstrapped standard errors are presented with 250 replications. *** p < 0.01, ** p < 0.05, * < 0.1. The constant term is not reported. Since the diversity measures are constant, the results in columns 1 and 3 do not include firm fixed effects, but instead industry, region, and year fixed effects. Control variables are included in all estimations