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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