Table 3 Correlation of industry effects
From: Persistent inter‐industry wage differences: rent sharing and opportunity costs
France | US | |||||
|---|---|---|---|---|---|---|
Raw Industry Wage Differential | Industry Average Person Effect | Industry Average Firm Effect | Raw Industry Wage Differential | Industry Average Person Effect | Industry Average Firm Effect | |
France | French Industry Weights | |||||
Raw Industry Wage Differential | 1.0000 | 0.6110 | 0.9046 | 0.5783 | 0.4444 | 0.5689 |
Industry Average Person Effect | 0.6110 | 1.0000 | 0.2549 | 0.4810 | 0.6337 | 0.2880 |
Industry Average Firm Effect | 0.9046 | 0.2549 | 1.0000 | 0.3792 | 0.1655 | 0.4564 |
US | US Industry Weights | |||||
Raw Industry Wage Differential | 0.4914 | 0.3652 | 0.3630 | 1.0000 | 0.8167 | 0.9214 |
Industry Average Person Effect | 0.2662 | 0.4631 | 0.0630 | 0.8167 | 1.0000 | 0.5382 |
Industry Average Firm Effect | 0.5500 | 0.2024 | 0.5065 | 0.9214 | 0.9214 | 1.0000 |