Table 11 Earnings switcher regression with selection: pooled

Shutdown rate

−1.2943

−.9074

(.6875) ^a

(.9686)

XS–S

.2229

.1779

(.0228) ^c

(.0224) ^c

S–XS

−.1983

−.1368

(.0141) ^c

(.0399) ^c

S–S

.0311

.0496

(.0241)

(.0329)

S–M

.1259

.0597

(.0276) ^c

(.0354) ^a

M–S

−.0593

−.0292

(.0227) ^c

(.0471)

M–M

.0529

.0370

(.0153) ^c

(.0506)

M–L

.1111

.0912

(.0247) ^c

(.0447) ^b

L–M

−.0615

−.0133

(.0165) ^c

(.0577)

L–L

.0627

.0714

(.0211) ^c

(.0442)

L–XL

.0832

.0478

(.0276) ^c

(.0475)

XL–L

−.0348

.1104

(.0242)

(.0685)

XL–XL

.0206

.0695

(.0177)

(.0369) ^a

\(\log \overline {\text {wage bill}}_{ikjt}\)

.2795

.3215

(.0180) ^c

(.0316) ^c

ρ (correlation)

.0208

.0314

(.0155)

(.0420)

σ (variance)

1.1546

1.2967

(.0313) ^c

(.0288) ^c

λ (selection)

.0240

.0408

(.0180) ^a

(.0547)

Observations

164,659

89,450

Observations (Censored)

60,750

48,027

logL

−288,496.2

−139,451.6