From: Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data
XS | S | M | L | XL | All firms | |
---|---|---|---|---|---|---|
Shutdown rate | −.1088 | 1.2718 | .4622 | .2457 | 1.3510 | .9273 |
(.6894) | (.5613) b | (.3462) | (.5169) | (.5141) c | (.3633) b | |
Lag of earnings | −.0642 | −.0847 | −.0927 | −.0990 | −.0893 | −.0908 |
(.0090) c | (.0074) c | (.0101) c | (.0148) c | (.0107) c | (.0089) c | |
Age 35–49 | −.0572 | .0154 | .0270 | .0434 | .0662 | .0343 |
(.0080) c | (.0103) | (.0114) b | (.0132) c | (.0125) c | (.0093) c | |
Age 50+ | −.0166 | .1236 | .1524 | .1724 | .1760 | .1379 |
(.0146) | (.0179) c | (.0208) c | (.0175) c | (.0212) c | (.0196) c | |
Married | −.1738 | −.1159 | −.0849 | −.0637 | −.0310 | −.0852 |
(.0358) c | (.0189) c | (.0112) c | (.0126) c | (.0100) c | (.0146) c | |
Tenure | −.1015 | −.0944 | −.0883 | −.0806 | −.0669 | −.0928 |
(.0080) c | (.0055) c | (.0046) c | (.0052) c | (.0056) c | (.0052) c | |
Tenure squared | .0026 | .0025 | .0025 | .0025 | .0020 | .0028 |
(.0003) c | (.0002) c | (.0002) c | (.0002) c | (.0002) c | (.0002) c | |
Union | .0775 | .1065 | .0532 | .0199 | .0285 | .0126 |
(.0150) c | (.0163) c | (.0206) c | (.0226) | (.0285) | (.0198) | |
Atlantic | .4349 | .3257 | .2766 | .2587 | .1274 | .2942 |
(.0361) c | (.0341) c | (.0306) c | (.0558) c | (.0422) c | (.0323) c | |
Quebec | .2284 | .1508 | .0845 | .0595 | −.0177 | .1158 |
(.0303) c | (.0157) c | (.0299) c | (.0238) b | (.0216) | (.0253) c | |
Prairie | −.1340 | −.0910 | −.0517 | −.0329 | −.0617 | −.0764 |
(.0437) c | (.0139) c | (.0164) c | (.0250) | (.0275) b | (.0164) c | |
BC | .1163 | .1069 | .1095 | .0566 | .0001 | .0884 |
(.0297) c | (.0290) c | (.0247) c | (.0350) | (.0337) | (.0221) c | |
Constant | −.7691 | −.6926 | −.4260 | −.2235 | −.6727 | −.6289 |
(.2024) c | (.1446) c | (.1328) c | (.1794) | (.1622) c | (.1471) c | |
Firm active estimates—exclusion restrictions | ||||||
log RER jt | −.1165 | .0167 | −.0649 | −.7401 | .0052 | −.2341 |
(.0878) | (.1220) | (.1802) | (.2693) c | (.8326) | (.0948) b | |
\(\log \overline {\text {wage bill}}_{ikjt}\) | .4257 | .1833 | .1428 | .0722 | .3200 | .3363 |
(.0201) c | (.0493) c | (.0411) c | (.0376) a | (.0511) c | (.0248) c | |
ρ (correlation) | −.2913 | −.3842 | .9171 | .5114 | .0937 | −.0487 |
(.0764) c | (.1698) c | (.0091) c | (.3475) | (.4337) | (.1713) | |
LR test χ 2 (selection) | 12.89 | 4.13 | 739.38 | 1.44 | .05 | .0807 |
p value | 0 | .042 | 0 | .230 | .830 | .7764 |
Observation-censored | 80,672 | 27,214 | 18,571 | 8387 | 4449 | 139,293 |
Observations | 791,138 | 806,543 | 979,833 | 718,374 | 1,904,505 | 5,200,393 |
logL | −339,866.5 | −235,821.1 | −225,177.8 | −128,665.1 | −174,849.7 | −1,187,556 |