Table 5 Robustness checks for older vs younger firms
From: Do wages reflect labor productivity? The case of Belgian regions
OLS | OLS(re) | |||||
|---|---|---|---|---|---|---|
(a) | (b) | (c) | (d) | (e) | (f) | |
VARIABLES | LogW | LogLP | LogGAP | LogW | LogLP | LogGAP |
Bx | −0.0961*** | −0.246*** | −0.144*** | −0.0955*** | −0.240*** | −0.144*** |
(0.00607) | (0.00755) | (0.00642) | (0.00606) | (0.00759) | (0.00642) | |
Wa | −0.174*** | −0.221*** | −0.0449*** | −0.174*** | −0.218*** | −0.0449*** |
(0.00406) | (0.00502) | (0.00448) | (0.00405) | (0.00503) | (0.00448) | |
Bx*Old | 0.0703*** | 0.117*** | 0.0415*** | 0.0699*** | 0.111*** | 0.0415*** |
(0.00734) | (0.00948) | (0.00800) | (0.00733) | (0.00952) | (0.00800) | |
Wa*Old | 0.0440*** | 0.0432*** | −0.00127 | 0.0435*** | 0.0423*** | −0.00127 |
(0.00493) | (0.00628) | (0.00555) | (0.00493) | (0.00629) | (0.00555) | |
Old | 0.0590*** | 0.0460*** | −0.0124*** | 0.0586*** | 0.0463*** | −0.0124*** |
(0.00263) | (0.00354) | (0.00319) | (0.00263) | (0.00354) | (0.00319) | |
Size2 | 0.215*** | −0.0561*** | −0.272*** | 0.214*** | −0.0574*** | −0.272*** |
(0.00242) | (0.00349) | (0.00280) | (0.00242) | (0.00348) | (0.00280) | |
Size3 | 0.317*** | 0.00275 | −0.314*** | 0.317*** | 0.00280 | −0.314*** |
(0.00479) | (0.00703) | (0.00515) | (0.00477) | (0.00700) | (0.00515) | |
Size4 | 0.383*** | 0.0368** | −0.343*** | 0.385*** | 0.0422** | −0.343*** |
(0.0110) | (0.0175) | (0.0121) | (0.0108) | (0.0170) | (0.0121) | |
Year FE | Yes | Yes | Yes | Yes | Yes | Yes |
Industry FE | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 417637 | 421704 | 417234 | 417234 | 417234 | 417234 |
EL(Bx, Young) | −0.092 | −0.218 | −0.134 | −0.091 | −0.213 | −0.134 |
EL(Wa, Young) | −0.160 | −0.198 | −0.044 | −0.159 | −0.196 | −0.044 |
EL(Bx, Old) | −0.025 | −0.121 | −0.097 | −0.025 | −0.120 | −0.097 |
EL(Wa, Old) | −0.122 | −0.163 | −0.045 | −0.122 | −0.162 | −0.045 |