Table 8 Establishment exits as a function of the wage level, 1976–2017, linear probability model (LPM)
From: The dynamics of wage dispersion between firms: the role of firm entry and exit
Explanatory variables | |
|---|---|
Average wage percentile | |
1–5 (reference) | – |
6–10 (dummy) | − 0.01*** (0.00) |
11–15 (dummy) | − 0.01*** (0.00) |
16–20 (dummy) | − 0.01*** (0.00) |
21–25 (dummy) | − 0.01*** (0.00) |
26–30 (dummy) | − 0.02*** (0.00) |
31–35 (dummy) | − 0.02*** (0.00) |
36–40 (dummy) | − 0.02*** (0.00) |
41–45 (dummy) | − 0.02*** (0.00) |
46–50 (dummy) | − 0.02*** (0.00) |
51–55 (dummy) | − 0.02*** (0.00) |
56–60 (dummy) | − 0.03*** (0.00) |
61–65 (dummy) | − 0.03*** (0.00) |
66–70 (dummy) | − 0.03*** (0.00) |
71–75 (dummy) | − 0.03*** (0.00) |
76–80 (dummy) | − 0.03*** (0.00) |
81–85 (dummy) | − 0.03*** (0.00) |
86–90 (dummy) | − 0.03*** (0.00) |
91–95 (dummy) | − 0.03*** (0.00) |
96–100 (dummy) | − 0.03*** (0.00) |
Entry: 1976–1995 (reference) | – |
Entry: 1996–2008 (dummy) | 0.02*** (0.00) |
Entry: 2009–2017 (dummy) | 0.05*** (0.00) |
Wage percentile × entry year cluster | ✓ |
Age dummies | ✓ |
Establishment size dummies | ✓ |
Industry dummies (1-digit) | ✓ |
Year dummies | ✓ |
Controls | ✓ |
Constant | − 0.05*** (0.00) |
R2 | 0.07 |
N | 14,725,558 |