Table 4 Descriptive statistics of independent variables
From: Persistent inter‐industry wage differences: rent sharing and opportunity costs
Variable | United States | France | ||
|---|---|---|---|---|
Obs Mean | Standard Deviation | Obs Mean | Standard Deviation | |
Normalized quasi‐rent | 1.048 | 1.512 | 0.708 | 0.908 |
Herfindahl index | 0.009 | 0.022 | 0.116 | 0.227 |
Export‐sales ratio | 0.062 | 0.097 | 0.168 | 0.162 |
Capital‐labor ratio | 193.84 | 445.85 | 511.99 | 679.81 |
Union | 0.149 | 0.131 | ||
Wage increases (industry‐wide agreement) | 2.532 | 0.860 | ||
Wage increases (individual‐based) | 1.357 | 1.112 | ||
Wage increases (targeted to the low‐wage) | 2.512 | 1.420 | ||
Wage increases (targeted to the high‐wage) | 1.777 | 1.325 | ||
Votes for the CGT union | 0.868 | 0.846 | ||
Votes for the CFDT union | 0.770 | 0.795 | ||
Votes for the FO union | 0.652 | 0.794 | ||
Votes for the CGC union | 0.524 | 0.608 | ||
Union delegates | 3.548 | 4.461 | ||
Health and Security Commissions (CHSCT) | 0.984 | 0.672 | ||