Table 8
The sensitivity of earnings to value added shock:
Accounting for parameter heterogeneity
The omitted characteristic is the interaction with “Production worker”. Asymptotic standard
errors are reported in parenthesis; the partial R2 for the reduced-form regression is reported in
square brackets (see Shea, 1997). J-test is the test of overidentifying restrictions.
Sensitivity to Sensitivity to
permanent shocks transitory shocks
(1)(2)
|
ʌɛp |
-0.1885 |
-0.0460 |
|
(0.1367) |
(0.0491) | |
|
[0.0417] |
[0.2513] | |
|
ʌsj⅛*High risk aversion |
-0.0764 |
0.0080 |
|
(0.0304) |
(0.0161) | |
|
[0.0706] |
[0.1987] | |
|
ʌe,-/--Clerical worker |
-0.0026 |
-0.0130 |
|
J t^ |
(0.0311) |
(0.0165) |
|
[0.0713] |
[0.2055] | |
|
ʌɛ? ⅛*Manager |
0.0815 |
-0.0344 |
|
(0.1131) |
(0.0390) | |
|
[0.0627] |
[0.3187] | |
|
ʌɛ?⅛* Worker Age |
0.0002 |
0.0002 |
|
(0.0018) |
(0.0006) | |
|
[0.0341] |
[0.2497] | |
|
ʌɛji*s.d.[ln (VAji)] |
-0.0338 |
-0.0041 |
|
(0.0148) |
(0.0070) | |
|
[0.0312] |
[0.3624] | |
|
ʌe,'+-District |
0.0712 |
0.0065 |
|
(0.0286) |
(0.0127) | |
|
[0.0666] |
[0.2437] | |
|
ʌsjt * [ln (Firm size)] |
0.0906 |
0.0250 |
|
(0.0360) |
(0.0160) | |
|
ʌejt * [ln (Firm size)]2 |
[0.0521] |
[0.2179] |
|
-0.0065 |
-0.0028 | |
|
(0.0026) |
(0.0015) | |
|
[0.0723] |
[0.1872] | |
|
J-test (p-value) |
0.0851 |
0.1459 |
48
More intriguing information
1. The Values and Character Dispositions of 14-16 Year Olds in the Hodge Hill Constituency2. The name is absent
3. The name is absent
4. An Attempt to 2
5. Strengthening civil society from the outside? Donor driven consultation and participation processes in Poverty Reduction Strategies (PRSP): the Bolivian case
6. The name is absent
7. Analyse des verbraucherorientierten Qualitätsurteils mittels assoziativer Verfahren am Beispiel von Schweinefleisch und Kartoffeln
8. The use of formal education in Denmark 1980-1992
9. The name is absent
10. Regional specialisation in a transition country - Hungary