Skip to main content

Table 9 Log productivity - log(PROD) – fixed effects instrumental variables estimates

From: Working time accounts and firm performance in Germany

Regressors β
WORKING TIME ACCOUNTS 0.4572** 0.4568**
log(GRADUATES) 0.0036 0.0020
log(SKILLED WORKERS) 0.0445*** 0.0443***
log(FIRM SIZE) −0.0793*** −0.0784***
log(INVESTMENTS) 0.0148*** 0.0143***
LABOR HORDING −0.0770*** −0.0753***
FIXED-TERM EMPLOYMENT 0.0058 0.0048
PART-TIME WORK 0.0081 0.0111
TEMPORARY WORK −0.0017 −0.0026
OVERTIME WORK −0.0113 −0.0117
EXTRA PAYMENT −0.0005 0.0007
DEPARTED EMPLOYEES −0.0012*** −0.0012***
LAY-OFFS 0.0003 0.0004**
QUITS 0.0016*** 0.0015***
MUTUAL DISMISSALS −0.0006** −0.0005**
RELOCATIONS 0.0011*** 0.0011***
RETIREMENTS 0.0003 0.0003
EARLY RETIREMENTS 0.0013*** 0.0013***
PLANT CLOSURE −0.0764*** −0.0758***
OUTSOURCING −0.0469** −0.0483**
STARBUST −0.1770*** −0.1833***
REORGANIZATION 0.0774*** 0.0719***
COMPETITIVE PRESSURE −0.0015 −0.0014
NEW PRODUCTS 0.0044 0.0028
NEW PROCEDURE −0.0188*** −0.0176***
TECHNICAL STATUS −0.0246*** −0.0246***
Y2008 0.0346*** 0.0585***
Y2009 0.0250*** 0.0247***
Y2010 −0.0489*** −0.0490***
Y2011 −0.0053 −0.0049
Y2012 0.0137** 0.0141**
INDUSTRIES no yes
REGIONS no yes
N 47824 47824
Number of groups 2787 2787
  1. Notes: WTA is instrumented by prWTA_c. On the right-hand side, in addition to 5 year dummies, 14 industry dummies and 16 regional dummies (Bundesländer) are incorporated; **p < 0.05; ***p < 0.01