From: Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data
XS | S | M | L | XL | All firms | |
---|---|---|---|---|---|---|
Shutdown rate | −.9794 | −1.3430 | −3.0549 | −.5340 | −1.3538 | |
(.7858) | (1.0124) b | (1.1623) | (1.0471) c | (1.0941) | (.7210) a | |
Age 35–49 | −.0737 | −.0742 | −.0661 | −.0904 | −.0751 | |
(.0195) c | (.0161) c | (.0202) c | (.0169) c | (.0168) c | (.0098) c | |
Age 50+ | −.1820 | −.1965 | −.2107 | −.2139 | −.2429 | −.2135 |
(.0346) c | (.0207) c | (.0251) c | (.0304) c | (.0277) c | (.0187) c | |
Married | −.0065 | .0414 | .0917 | .0033 | .0390 | .0221 |
(.0172) | (.0179) b | (.0337) c | (.0139) | (.0260) | (.0126) a | |
Tenure | −.1236 | −.1629 | −.1200 | −.1437 | −.1270 | −.1406 |
(.0153) c | (.0121) c | (.0060) c | (.0172) c | (.0119) c | (.0107) c | |
Tenure squared | .0055 | .0075 | .0069 | .0055 | .0042 | .0054 |
(.0008) c | (.0006) c | (.0004) c | (.0008) c | (.0006) c | (.0005) c | |
Union | .1109 | .1224 | .0589 | .1051 | .0704 | .0772 |
(.0206) c | (.0256) c | (.0199) c | (.0277) c | (.0290) b | (.0130) c | |
Atlantic | .1431 | .1096 | −.1151 | .0734 | −.1065 | |
(.0233) c | (.0155) c | (.0542) b | (.0443) a | (.0601) | (.0325) c | |
Quebec | .0231 | .0058 | −.0907 | .0154 | −.0046 | .0220 |
(.0253) | (.0202) | (.0285) c | (.0211) | (.0383) | (.0198) | |
Prairie | .0350 | .0296 | −.1011 | .0276 | .0432 | |
(.0198) a | (.0186) | (.0348) | (.0210) c | (.0317) | (.0161) c | |
BC | −.0444 | −.1370 | −.0089 | −.0461 | −.0226 | |
(.0257) a | (.0249) a | (.0547) b | (.0334) | (.0424) | (.0204) | |
Firm active estimates—exclusion restrictions | ||||||
\(\log \overline {\text {wage bill}}_{ikjt}\) | .4872 | .2657 | .1091 | .1053 | .4938 | .3989 |
(.0217) c | (.0435) c | (.0485) b | (.0721) | (.0698) c | (.0205) c | |
ρ (correlation) | .0956 | .0052 | −.6605 | .0138 | .0683 | .0396 |
(.0213) c | (.0346) | (.0753) c | (.0393) | (.0193) c | (.0120) c | |
σ (variance) | 1.2316 | 1.2336 | 1.3537 | 1.197 | 1.2076 | 1.2191 |
(.0182) c | (.0215) c | (.0932) c | (.0381) c | (.0439) c | (.0286) c | |
λ (selection) | 1176 | .0065 | −.8942 | .0165 | .0824 | .0483 |
(.0263) c | (.0426) | (.1624) c | (.0354) | (.0219) c | (.0143) c | |
Observations | 104,317 | 64,708 | 68,134 | 36,100 | 36,352 | 309,611 |
Observation-censored | 81,178 | 31,112 | 25,081 | 11,738 | 5416 | 154,525 |
logL | −82,747.59 | −107,003.9 | −57,477.46 | −59,985.37 | −433,093.5 |