Table 5 Regressions of person and firm effects on economy‐wide factors (no controls)
From: Persistent inter‐industry wage differences: rent sharing and opportunity costs
United States | France | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable | Person effect | Firm effect | Person effect | Firm effect | Person effect | Firm effect | Person effect | Firm effect | Person effect | Firm effect | Person effect | Firm effect |
Normalized quasi‐rent | 0.0750 (0.0164) | 0.1632 (0.0237) | 0.0739 (0.0166) | 0.1576 (0.0231) | 0.1158 (0.0261) | 0.2077 (0.0369) | 0.0272 (0.0101) | 0.0913 (0.0157) | 0.0309 (0.0088) | 0.0693 (0.0121) | 0.0218 (0.0102) | 0.0531 (0.0137) |
Herfindahl index | −2.9045 (2.5039) | 1.0575 (3.5346) | −0.0221 (0.0465) | 0.1362 (0.0621) | ||||||||
Export‐sales ratio | 0.2137 (0.1520) | 0.3395 (0.2146) | 0.0658 (0.0485) | 0.1715 (0.0648) | ||||||||
Capital‐labor ratio | −0.2730 (0.1291) | −0.3840 (0.1823) | 0.0208 (0.0111) | 0.0034 (0.0149) | ||||||||
Union | 0.0739 (0.0166) | 0.3919 (0.1668) | 0.1209 (0.1343) | 0.3622 (0.1895) | ||||||||
Wage increases | −0.0309 | −0.0436 | −0.0289 | −0.0324 | ||||||||
(industry‐wide agreement) | (0.0090) | (0.0125) | (0.0094) | (0.0125) | ||||||||
Wage increases | 0.0140 | 0.0109 | 0.0140 | 0.0149 | ||||||||
(individual‐based) | (0.0058) | (0.0080) | (0.0060) | (0.0080) | ||||||||
Wage increases | −0.0014 | 0.0147 | −0.0032 | 0.0261 | ||||||||
(targeted to the low‐wage) | (0.0069) | (0.0095) | (0.0085) | (0.0113) | ||||||||
Wage increases | −0.0014 | 0.0147 | −0.0032 | 0.0261 | ||||||||
(targeted to the high‐wage) | (0.0058) | (0.0080) | (0.0058) | (0.0077) | ||||||||
Votes for the CGT union | 0.0015 (0.0303) | 0.0871 (0.0418) | −0.0107 (0.0355) | 0.0084 (0.0475) | ||||||||
Votes for the CFDT union | 0.0508 (0.0199) | 0.0407 (0.0275) | 0.0480 (0.0214) | 0.0704 (0.0287) | ||||||||
Votes for the FO union | 0.0127 (0.0364) | −0.0609 (0.0503) | 0.0091 (0.0361) | −0.0639 (0.0483) | ||||||||
Votes for the CGC union | 0.0720 (0.0188) | 0.0167 (0.0259) | 0.0649 (0.0200) | 0.0316 (0.0267) | ||||||||
Union delegates | −0.0113 (0.0056) | −0.0109 (0.0077) | −0.0083 (0.0058) | −0.0050 (0.0078) | ||||||||
Health and Security | −0.0516 | 0.0069 | −0.0492 | 0.0031 | ||||||||
Commissions (CHSCT) | (0.0108) | (0.0149) | (0.0109) | (0.0145) | ||||||||
R‐Square | 0.2242 | 0.4015 | 0.2168 | 0.4388 | 0.2697 | 0.4831 | 0.0628 | 0.2593 | 0.4090 | 0.6333 | 0.4206 | 0.6626 |
Number of Obs | 70 | 70 | 70 | 70 | 66 | 66 | 95 | 95 | 93 | 93 | 93 | 93 |