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Table 3 Linear models with switching indicators

From: The price of fringe benefits when formal and informal labor markets coexist

 

(1)

(2)

(3)

(4)

Formal

 

-0.04548***

 

-0.04415***

  

(0.00382)

 

(0.00387)

Switch to Formal

  

0.01523**

0.01229**

   

(0.00595)

(0.00596)

Switch to Informal

  

0.00062

0.00418

   

(0.00588)

(0.00589)

2–5 Co-workers

0.05669***

0.06683***

0.05704***

0.06670***

 

(0.00819)

(0.00826)

(0.00819)

(0.00826)

6–10 Co-workers

-0.05050***

-0.02923***

-0.04934***

-0.02924***

 

(0.00865)

(0.00888)

(0.00865)

(0.00887)

11–15 Coworkers

-0.10785***

-0.08250***

-0.10643***

-0.08247***

 

(0.00969)

(0.00998)

(0.00970)

(0.00998)

16–50 Co-workers

-0.15065***

-0.12127***

-0.14886***

-0.12114***

 

(0.00813)

(0.00856)

(0.00814)

(0.00856)

>50 Co-workers

-0.23406***

-0.20118***

-0.23181***

-0.20092***

 

(0.00785)

(0.00836)

(0.00787)

(0.00836)

Age

0.24550*

0.24945*

0.23231

0.23502

 

(0.14679)

(0.14674)

(0.14727)

(0.14722)

Partner’s Age

-0.00326***

-0.00323***

-0.00327***

-0.00324***

 

(0.00036)

(0.00036)

(0.00036)

(0.00036)

Male

0.35589***

0.35426***

0.35521***

0.35365***

 

(0.01277)

(0.01277)

(0.01277)

(0.01277)

Schooling Years

-0.00125***

-0.00135***

-0.00123***

-0.00133***

 

(0.00038)

(0.00038)

(0.00038)

(0.00038)

Free Union

0.02210

0.02158

0.02146

0.02116

 

(0.03150)

(0.03150)

(0.03149)

(0.03150)

Separated

0.01780

0.01865

0.01775

0.01873

 

(0.04521)

(0.04517)

(0.04521)

(0.04517)

Divorced

0.09595

0.09606

0.09626

0.09601

 

(0.06223)

(0.06199)

(0.06227)

(0.06202)

Widowed

0.08004

0.07885

0.08049

0.07913

 

(0.10689)

(0.10674)

(0.10685)

(0.10670)

Married

-0.01402

-0.01355

-0.01444

-0.01397

 

(0.03129)

(0.03128)

(0.03128)

(0.03128)

Constant

6.82986***

6.78857***

6.97563***

6.94826***

 

(1.55758)

(1.55705)

(1.56306)

(1.56256)

Time Fixed Effects

Yes

Yes

Yes

Yes

Observations

224,584

224,584

224,584

224,584

  1. Note 1: robust standard errors in parentheses: *** p < 0.01, ** p < 0.05, * p < 0.10.
  2. Note 2: this table displays the results of regressions of a set of indicators for each type of switcher on our measures of monthly labor income. Column 3 shows that the difference between the labor income of the three types is close to zero. We then compute the returns to formality of the switchers with (column 4) and without (column 2) controls for the switcher type. The data comes from the National Survey of Occupation and Employment (NSOE).
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