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Table 3 Determinants of firm level wage rigidity

From: Wage rigidities and business cycle fluctuations: a linked employer-employee analysis

Dep. var:

Skewness 2003–2008

size cat = 2

−0.019** (0.08)

    

−0.016* (0.009)

−0.016* (0.009)

size cat = 3

−0.021* (0.012)

    

−0.023* (0.013)

−0.026* (0.013)

% blue coll = 2

 

−0.026*** (0.007)

   

−0.018** (0.009)

−0.016 (0.010)

% blue coll = 3

 

−0.046*** (0.007)

   

−0.045*** (0.010)

−0.042*** (0.010)

overtime pw = 2

  

0.002 (0.007)

  

0.000 (0.009)

0.001 (0.009)

overtime pw = 3

  

−0.006 (0.007)

  

−0.016* (0.009)

−0.018* (0.009)

va pw = 2

   

0.015** (0.007)

 

0.018** (0.009)

0.022** (0.010)

va pw = 3

   

0.017** (0.007)

 

0.022** (0.010)

0.029*** (0.010)

% temporary = 2

    

0.001 (0.007)

0.003 (0.009)

0.002 (0.009)

% temporary = 3

    

0.016** (0.007)

0.024*** (0.009)

0.019** (0.009)

Observations

2170

3650

3650

3519

3650

2103

2101

Sector FE

No

No

No

No

No

No

Yes

  1. Note: *p < 0.1; **p < 0.05; ***p < 0.01. All controls are the average of the considered characteristic between 2003 and 2008. Categories refer to tertiles of the distribution (3 = highest tertile). size cat refers to the number of employees, % blue coll is the share of blue collar over all employees, overtime pw is the average number of overtime hours per worker, va pw is the value added per worker and % temporary is the share of temporary workers. Robust standard errors in parenthesis