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IZA Journal of European Labor Studies

Table 7 Robustness checks for growth rates of outcome variables (2005-2012)

From: Do wages reflect labor productivity? The case of Belgian regions

 

(a1)

(b1)

(c1)

(a2)

(b2)

(c2)

(a3)

(b3)

(c3)

 

(avg)

(hour)

(benefits)

(avg)

(hour)

(benefits)

(avg)

(hour)

(benefits)

VARIABLES

∆LogW

∆LogW

∆LogW

∆LogLP

∆LogLP

∆LogLP

∆LogGAP

∆LogGAP

∆LogGAP

Bx

0.00684***

0.00351*

0.00875***

0.0120***

0.0195***

0.0277***

0.00519**

0.0160***

0.0189***

 

(0.00195)

(0.00201)

(0.00196)

(0.00262)

(0.00371)

(0.00265)

(0.00243)

(0.00341)

(0.00252)

Wa

0.00801***

0.0103***

0.00997***

0.00349**

0.00592**

0.00860***

−0.00452***

−0.00434*

−0.00137

 

(0.00139)

(0.00139)

(0.00139)

(0.00172)

(0.00245)

(0.00174)

(0.00160)

(0.00224)

(0.00162)

Logage

−0.0127***

0.00399***

−0.0105***

−0.0450***

0.0112***

−0.0462***

−0.0323***

0.00724***

−0.0357***

 

(0.000839)

(0.000828)

(0.000818)

(0.00108)

(0.00156)

(0.00107)

(0.000987)

(0.00142)

(0.000980)

Size2

0.00989***

−0.0181***

0.0110***

−0.0267***

−0.0301***

−0.0339***

−0.0366***

−0.0119***

−0.0450***

 

(0.00110)

(0.00121)

(0.00110)

(0.00155)

(0.00193)

(0.00156)

(0.00138)

(0.00169)

(0.00143)

Size3

0.0169***

−0.0250***

0.0177***

−0.0205***

−0.0479***

−0.0288***

−0.0373***

−0.0229***

−0.0465***

 

(0.00172)

(0.00210)

(0.00187)

(0.00271)

(0.00321)

(0.00277)

(0.00245)

(0.00269)

(0.00248)

Size4

0.0158***

−0.0251***

0.0176***

−0.0149***

−0.0432***

−0.0192***

−0.0306***

−0.0181***

−0.0368***

 

(0.00440)

(0.00215)

(0.00265)

(0.00550)

(0.00560)

(0.00557)

(0.00402)

(0.00546)

(0.00525)

Year FE

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Industry FE

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Obs

244884

289586

228693

244884

289586

228693

244884

289586

228693

EL(Bx)

0.0069

0.0035

0.0088

0.0121

0.0197

0.0281

0.0052

0.0161

0.0191

EL(Wa)

0.0080

0.0103

0.0100

0.0035

0.0059

0.0086

−0.0045

−0.0043

−0.0014

  1. Notes:
  2. Robust standard errors in parentheses for OLS. Bootstrapped standard errors for SUR.
  3. (avg) implies that the estimations use information for the “average” employee.
  4. (hour) implies that the estimations use hours worked instead of number of employees.
  5. (benefits) implies that the estimations include worker’s benefits in the labor cost.
  6. ***p?<?0.01, **p?<?0.05, *p?<?0.1.
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