Table 6 Long-run determinants of the public pay gap: robustness
(1) | (2) | (3) | (4) | |
|---|---|---|---|---|
Dep. variable: Δgeneral government sector “macro” wage gap ct | ||||
Δ% public employees ct | −0.0184∗∗ | −0.0223∗∗ | −0.0194∗ | −0.0208∗∗ |
(0.0087) | (0.0099) | (0.0101) | (0.0100) | |
ΔOpenness ct | −0.0015∗ | −0.0016∗ | −0.0016∗ | −0.0016∗ |
(0.0008) | (0.0008) | (0.0009) | (0.0008) | |
ΔQuality of government ct | −0.2381∗ | −0.2539∗ | −0.3421∗∗ | −0.1888 |
(0.1301) | (0.1485) | (0.1317) | (0.1447) | |
ΔLog real GDP ct | −0.0607 | |||
(0.1242) | ||||
ΔDeficit ct | 0.0035 | |||
(0.0047) | ||||
ΔDebt ct | −0.0001 | |||
(0.0007) | ||||
ΔUnemployment rate ct | 0.0051 | |||
(0.0065) | ||||
5-year dummies | Yes | Yes | Yes | Yes |
Time period | 1985–2014 | 1985–2014 | 1985–2014 | 1985–2014 |
Observations | 110 | 99 | 94 | 102 |
Adjusted R-squared | 0.20 | 0.22 | 0.21 | 0.21 |