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Table 6 Age at exit (1–10) as a function of the entry year, 1976–2008, OLS estimations

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

Explanatory variables

(1) Basic model

(2) Extended model

Entry year

 1976 (Reference)

 1977 (dummy)

− 0.03 (0.04)

− 0.07 (0.04)

 1978 (dummy)

− 0.15*** (0.04)

− 0.18*** (0.04)

 1979 (dummy)

− 0.29*** (0.04)

− 0.30*** (0.04)

 1980 (dummy)

− 0.35*** (0.04)

− 0.38*** (0.03)

 1981 (dummy)

− 0.38*** (0.04)

− 0.41*** (0.04)

 1982 (dummy)

− 0.33*** (0.04)

− 0.36*** (0.04)

 1983 (dummy)

− 0.26*** (0.04)

− 0.30*** (0.04)

 1984 (dummy)

− 0.28*** (0.04)

− 0.34*** (0.04)

 1985 (dummy)

− 0.12** (0.04)

− 0.19*** (0.03)

 1986 (dummy)

− 0.10** (0.03)

− 0.19*** (0.03)

 1987 (dummy)

− 0.04 (0.03)

− 0.14*** (0.03)

 1988 (dummy)

− 0.08* (0.03)

− 0.19*** (0.03)

 1989 (dummy)

− 0.08* (0.03)

− 0.19*** (0.03)

 1990 (dummy)

− 0.19*** (0.03)

− 0.30*** (0.03)

 1991 (dummy)

− 0.27*** (0.03)

− 0.36*** (0.03)

 1992 (dummy)

− 0.27*** (0.03)

− 0.37*** (0.03)

 1993 (dummy)

− 0.31*** (0.03)

− 0.44*** (0.03)

 1994 (dummy)

− 0.39*** (0.03)

− 0.55*** (0.03)

 1995 (dummy)

− 0.40*** (0.03)

− 0.59*** (0.03)

 1996 (dummy)

− 0.40*** (0.03)

− 0.65*** (0.03)

 1997 (dummy)

− 0.56*** (0.03)

− 0.85*** (0.03)

 1998 (dummy)

− 0.59*** (0.03)

− 0.94*** (0.03)

 1999 (dummy)

− 0.68*** (0.03)

− 1.11**** (0.03)

 2000 (dummy)

− 0.76*** (0.03)

− 1.19*** (0.03)

 2001 (dummy)

− 0.74*** (0.03)

− 1.21*** (0.03)

 2002 (dummy)

− 0.71*** (0.03)

− 1.19*** (0.03)

 2003 (dummy)

− 0.69*** (0.03)

− 1.20*** (0.03)

 2004 (dummy)

− 0.68*** (0.03)

− 1.23*** (0.03)

 2005 (dummy)

− 0.62*** (0.03)

− 1.18*** (0.03)

 2006 (dummy)

− 0.55*** (0.03)

− 1.13*** (0.03)

 2007 (dummy)

− 0.59*** (0.03)

− 1.14*** (0.03)

 2008 (dummy)

− 0.44*** (0.03)

− 1.03*** (0.03)

Establishment size

X

0.49*** (0.00)

Further controls

X

Industry dummies (1-digit)

X

Constant

5.72*** (0.02)

6.63*** (0.05)

R2

0.01

0.07

N

2,683,482

2,665,313

  1. West Germany, all sectors. Clustered standard errors in parentheses. */**/*** indicates statistical significance at the 10/5/1 percent level. Included control variables in column (2): average establishments’ wage, within-establishment wage percentile ratio: P75/P25, employment share by gender, nationality, skill level, age and occupation