The dynamics of wage dispersion between firms: the role of firm entry and exit

Journal for Labour Market Research

Table 2 The correlation between entry and exit patterns per birth cohort

	(1) Average age at exit	(2) Fraction exiting within 10 years
New establishments	− 0.37*** (0.07)	0.33*** (0.04)
R²	0.48	0.65
N	33	33

Bivariate regression of the logarithm of the average age at exit of exiting establishments (column 1) and of the logarithm of the fraction of new establishments exiting within 10 years (column 2) on the number of new establishments per birth cohort. Birth cohorts from 1976 to 2008 included. Standard errors in parentheses. */**/*** indicates statistical significance at the 10/5/1 percent level