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Table 2 Results of the Quantile Regression according to Firpo et al. (2009)

From: Labor market tightness and individual wage growth: evidence from Germany

 

Evaluation of the wage distribution at the…

25th percentile

50th percentile

75th percentile

OLS

LASSO

OLS

LASSO

OLS

LASSO

ue ratio effect

− 0.301

− 0.311

− 0.021

− 0.099

0.101

− 0.011

 

(0.083)

(0.032)

(0.034)

(0.018)

(0.022)

(0.010)

ue-ratio effect

− 0.240

− 0.277

− 0.031

− 0.105

0.028

n.s

 

(0.088)

(0.030)

(0.024)

(0.012)

(0.013)

 

Interaction

Yes

Yes

Yes

Yes

Yes

Yes

Control variables

Yes

Yes

Yes

Yes

Yes

Yes

N

320,006

320,006

320,006

320,006

320,006

320,006

Adj. R2

0.446

0.445

0.452

0.451

0.386

0.385

AIC

695,379.6

695,767.8

357,553.0

357,772.8

429,077.4

429,262.4

BIC

700,941.9

697,721.6

363,115.3

360,569.9

434,639.6

431,974.1

  1. Interaction model with occupational heterogeneity
  2. n.s. not selected by LASSO
  3. Heteroscedasticity robust clustered standard errors at the level of region#occupation of the coefficients are in parentheses