Table 6 Regressions of person and firm effects on economy‐wide factors (with controls)

Normalized quasi‐rent

0.0471 (0.0170)

0.0623 (0.0180)

0.0475 (0.0126)

0.1177 (0.0192)

0.0816 (0.0251)

0.0780 (0.0269)

0.0003 (0.0073)

0.0678 (0.0139)

0.0128 (0.0088)

0.0594 (0.0123)

0.0093 (0.0085)

0.0536 (0.0128)

Herfindahl Index

‐2.3524 (1.9821)

2.2784 (2.1186)

‐0.0466 (0.0395)

0.0981 (0.0590)

Export‐Sales ratio

0.1985 (0.1299)

0.1626 (0.1389)

0.0248 (0.0437)

0.1191 (0.0652)

Capital‐Labor ratio

‐0.1903 (0.1055)

‐0.1295 (0.1128)

0.0037 (0.0094)

0.0169 (0.0141)

Union

0.1484 (0.1344)

‐0.2125 (0.1437)

Wage increases

‐0.0165

‐0.0347

(industry‐wide agreement)

(0.0083)

(0.0123)

Wage increases

0.0046

0.0066

(individual‐based)

(0.0054)

(0.0080)

Wage increases

‐0.0067

0.0185

(for the low‐wage)

(0.0069)

(0.0102)

Wage increases

0.0019

‐0.0232

(for the high‐wage)

(0.0050)

(0.0075)

Votes for the CGT union

‐0.0129 (0.0314)

0.0616 (0.0469)

Votes for the CFDT union

0.0039 (0.0201)

0.0466 (0.0301)

Votes for the FO union

0.0269 (0.0302)

‐0.0631 (0.0451)

Votes for the CGC union

0.0343 (0.0179)

0.0507 (0.0267)

Union delegates

‐0.0037 (0.0050)

‐0.0130 (0.0075)

Health and Security

‐0.0230

0.0111

Commissions (CHSCT)

(0.0103)

(0.0154)

R‐Square

0.5255

0.8041

0.6114

0.6706

0.5583

0.8208

0.5905

0.5159

0.5076

0.6866

0.6406

0.7393

Number of Obs

70

70

70

70

66

66

95

95

95

95

93

93