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 |