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Table 9 Earnings regression with selection: men

From: Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data

  XS S M L XL All firms
Shutdown rate −.9794 −1.3430 −3.0549 −.5340 −1.3538  
  (.7858) (1.0124) b (1.1623) (1.0471) c (1.0941) (.7210) a
Age 35–49 −.0737 −.0742 −.0661 −.0904 −.0751  
  (.0195) c (.0161) c (.0202) c (.0169) c (.0168) c (.0098) c
Age 50+ −.1820 −.1965 −.2107 −.2139 −.2429 −.2135
  (.0346) c (.0207) c (.0251) c (.0304) c (.0277) c (.0187) c
Married −.0065 .0414 .0917 .0033 .0390 .0221
  (.0172) (.0179) b (.0337) c (.0139) (.0260) (.0126) a
Tenure −.1236 −.1629 −.1200 −.1437 −.1270 −.1406
  (.0153) c (.0121) c (.0060) c (.0172) c (.0119) c (.0107) c
Tenure squared .0055 .0075 .0069 .0055 .0042 .0054
  (.0008) c (.0006) c (.0004) c (.0008) c (.0006) c (.0005) c
Union .1109 .1224 .0589 .1051 .0704 .0772
  (.0206) c (.0256) c (.0199) c (.0277) c (.0290) b (.0130) c
Atlantic .1431 .1096 −.1151 .0734 −.1065  
  (.0233) c (.0155) c (.0542) b (.0443) a (.0601) (.0325) c
Quebec .0231 .0058 −.0907 .0154 −.0046 .0220
  (.0253) (.0202) (.0285) c (.0211) (.0383) (.0198)
Prairie .0350 .0296 −.1011 .0276 .0432  
  (.0198) a (.0186) (.0348) (.0210) c (.0317) (.0161) c
BC −.0444 −.1370 −.0089 −.0461 −.0226  
  (.0257) a (.0249) a (.0547) b (.0334) (.0424) (.0204)
Firm active estimates—exclusion restrictions
\(\log \overline {\text {wage bill}}_{ikjt}\) .4872 .2657 .1091 .1053 .4938 .3989
  (.0217) c (.0435) c (.0485) b (.0721) (.0698) c (.0205) c
ρ (correlation) .0956 .0052 −.6605 .0138 .0683 .0396
  (.0213) c (.0346) (.0753) c (.0393) (.0193) c (.0120) c
σ (variance) 1.2316 1.2336 1.3537 1.197 1.2076 1.2191
  (.0182) c (.0215) c (.0932) c (.0381) c (.0439) c (.0286) c
λ (selection) 1176 .0065 −.8942 .0165 .0824 .0483
  (.0263) c (.0426) (.1624) c (.0354) (.0219) c (.0143) c
Observations 104,317 64,708 68,134 36,100 36,352 309,611
Observation-censored 81,178 31,112 25,081 11,738 5416 154,525
logL −82,747.59 −107,003.9 −57,477.46 −59,985.37 −433,093.5  
  1. Note: The reference group is Ontario for region, 25–35 for age, 2005 for year, and construction for industry. The firm size classes are (XS) less than 5 employees, (S) 5–19 employees, (M) 20–99 employees, (L) 100–500 employees, and (XL) 500+ employees. Clustered standard errors, in parentheses, account for within industry correlation
  2. a, b, cStatistical significance at the 10, 5, and 1% levels, respectively