From: Why do wages become more rigid during a recession than during a boom?
Dependent variable: layoff ==1 | (1) | (2) | (3) | (4) |
---|---|---|---|---|
Proxy of p: | p = CPI | p = Output | ||
p/100 | -0.1265 | -0.1182 | -0.0268 | -0.0230 |
(0.0632) | (0.0669) | (0.0122) | (0.0098) | |
Non-union Worker | 0.0016 | 0.0011 | 0.0021 | 0.0014 |
(0.0009) | (0.0005) | (0.0012) | (0.0007) | |
Male | 0.0004 | 0.0005 | 0.0005 | 0.0006 |
(0.0005) | (0.0004) | (0.0007) | (0.0004) | |
High School | -0.0013 | -0.0008 | -0.0016 | -0.0010 |
(0.0005) | (0.0005) | (0.0008) | (0.0007) | |
Junior College | -0.0008 | -0.0006 | -0.0010 | -0.0007 |
(0.0002) | (0.0003) | (0.0004) | (0.0004) | |
University | -0.0012 | -0.0008 | -0.0017 | -0.0010 |
(0.0003) | (0.0004) | (0.0006) | (0.0006) | |
Experience | -0.0000 | -0.0000 | -0.0000 | -0.0000 |
(0.0001) | (0.0001) | (0.0001) | (0.0001) | |
Experience 2/100 | 0.0000 | 0.0000 | 0.0001 | 0.0000 |
(0.0001) | (0.0001) | (0.0001) | (0.0001) | |
Tenure | -0.0000 | -0.0000 | -0.0000 | -0.0000 |
(0.0000) | (0.0000) | (0.0000) | (0.0000) | |
Tenure 2/100 | -0.0000 | -0.0000 | -0.0000 | -0.0000 |
(0.0001) | (0.0001) | (0.0001) | (0.0001) | |
Married | -0.0007 | -0.0012 | -0.0008 | -0.0013 |
(0.0006) | (0.0015) | (0.0009) | (0.0016) | |
Number of Children | -0.0000 | -0.0001 | -0.0001 | -0.0001 |
(0.0001) | (0.0001) | (0.0002) | (0.0002) | |
ln(Firm Size) | -0.0002 | -0.0001 | -0.0003 | -0.0002 |
(0.0001) | (0.0001) | (0.0002) | (0.0001) | |
Regional Dummies | No | Yes | No | Yes |
Industry Dummies | No | Yes | No | Yes |
Occupation Dummies | Yes | Yes | Yes | Yes |
R-squared | 0.138 | 0.235 | 0.123 | 0.217 |
Observations | 4342 | 3164 | 4342 | 3164 |