From: Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data
XS | S | M | L | XL | All firms | |
---|---|---|---|---|---|---|
Shutdown rate | −3.4041 | .1620 | −1.8604 | −2.0460 | −.9859 | −1.3759 |
(1.4500) b | (.8545) | (1.3127) | (1.8356) | (1.0292) | (.9488) | |
Age 35–49 | −.0556 | −.0321 | −.0328 | −.0728 | −.0475 | |
(.0343) | (.0257) | (.0235) a | (.0296) | (.0239) c | (.0101) c | |
Age 50+ | −.2370 | −.1923 | −.3059 | −.3178 | −.3306 | −.2710 |
(.0328) c | (.0441) c | (.0392) c | (.0419) c | (.0555) c | (.0285) c | |
Married | −.0207 | .0394 | .0363 | .0494 | .0267 | .0293 |
(.0242) | (.0158) b | (.0270) | (.0248) b | (.0262) | (.0103) c | |
Tenure | −.1648 | −.1966 | −.2136 | −.1722 | −.1555 | −.1747 |
(.0204) c | (.0202) c | (.0131) c | (.0188) c | (.0129) c | (.0106) c | |
Tenure squared | .0068 | .0088 | .0095 | .0061 | .0054 | .0067 |
(.0009) c | (.0012) c | (.0008) c | (.0011) c | (.0006) c | (.0005) c | |
Union | .1523 | .0486 | .0450 | .1302 | .0540 | .0719 |
(.0552) c | (.0911) | (.0682) | (.0393) c | (.0334) | (.0383) a | |
Atlantic | .2317 | .1793 | .1750 | .2020 | .1494 | .1805 |
(.0392) c | (.0422) c | (.0647) c | (.0684) c | (.0552) c | (.0340) c | |
Quebec | .1129 | .0569 | .0349 | .0904 | .1160 | .0698 |
(.0338) c | (.0392) | (.0339) | (.0436) b | (.0343) c | (.0234) c | |
Prairie | .0328 | −.0049 | .0548 | .0678 | .0732 | .0353 |
(.0533) | (.0475) | (.0328) a | (.0628) | (.0453) | (.0268) | |
BC | .0372 | .0312 | −.0467 | .00007 | −.0238 | −.0052 |
(.0422) | (.0295) | (.0361) | (.0777) | (.0501) | (.0252) | |
Firm active estimates—exclusion restrictions | ||||||
\(\log \overline {\text {wage bill}}_{ikjt}\) | .4743 | .2943 | .1818 | .1116 | .5411 | .4460 |
(.0148) c | (.0460) c | (.0768) c | (.0736) | (.0635) c | (.0232) c | |
ρ (correlation) | .0762 | .0167 | .0563 | .0876 | 0038 | .0314 |
(.0422) a | (.0532) | (.0441) | (.0354) b | (.0589) | (.0296) | |
σ (variance) | 1.3042 | 1.3157 | 1.3280 | 1.3296 | 1.3249 | 1.3250 |
(.0293) c | (.0329) c | (.0377) c | (.0170) c | (.0238) c | (.0222) c | |
λ (selection) | .0998 | .0232 | .0748 | .1165 | .0051 | .0416 |
(.0557) a | (.0699) | (.0581) a | (.0476) b | (.0781) | (.0394) | |
Observations | 94,357 | 40,953 | 33,713 | 17,267 | 18,628 | 204,918 |
Observation-censored | 82,961 | 26,855 | 17,872 | 8093 | 4117 | 139,898 |
logL | −48,767.82 | −48,280.89 | −48,160.96 | −26,165.28 | −30,879.39 | −222,421.9 |