Wage Loss Estimates
 | SE |  | SE |  | SE | |
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | ||||
| Specification 1 | ||||||
| D −10 | −0.218 | (0.003) | 0.061 | (0.002) | 0.003 | (0.001) |
| D −9 | −0.178 | (0.003) | 0.061 | (0.001) | 0.008 | (0.001) |
| D −8 | −0.183 | (0.003) | 0.044 | (0.001) | 0.000 | (0.001) |
| D −7 | −0.135 | (0.003) | 0.042 | (0.001) | 0.005 | (0.001) |
| D −6 | −0.122 | (0.003) | 0.067 | (0.001) | 0.032 | (0.001) |
| D −5 | −0.159 | (0.002) | 0.032 | (0.001) | −0.002 | (0.001) |
| D −4 | −0.171 | (0.002) | 0.024 | (0.001) | −0.004 | (0.001) |
| D −3 | −0.176 | (0.002) | 0.021 | (0.001) | −0.003 | (0.001) |
| D −2 | −0.181 | (0.002) | 0.018 | (0.001) | −0.002 | (0.001) |
| D −1 | −0.185 | (0.002) | 0.015 | (0.001) | −0.003 | (0.001) |
| D 0 | −0.213 | (0.002) | 0.009 | (0.001) | −0.008 | (0.001) |
| D 1 | −0.156 | (0.004) | −0.013 | (0.001) | −0.024 | (0.001) |
| D 2 | −0.219 | (0.003) | −0.018 | (0.001) | −0.011 | (0.001) |
| D 3 | −0.241 | (0.003) | −0.029 | (0.001) | −0.005 | (0.001) |
| D 4 | −0.240 | (0.002) | −0.039 | (0.001) | −0.002 | (0.001) |
| D 5 | −0.268 | (0.003) | −0.048 | (0.001) | 0.001 | (0.001) |
| D 6 | −0.294 | (0.003) | −0.056 | (0.001) | 0.002 | (0.001) |
| D 7 | −0.334 | (0.003) | −0.062 | (0.001) | 0.005 | (0.001) |
| D 8 | −0.377 | (0.003) | −0.072 | (0.001) | 0.006 | (0.001) |
| D 9 | −0.373 | (0.003) | −0.072 | (0.001) | 0.011 | (0.001) |
| D 10 | −0.349 | (0.003) | −0.067 | (0.001) | 0.013 | (0.001) |
| R2 | 0.11 | 0.89 | 0.92 | |||
| Specification 2 | ||||||
| Predisplacement | −0.218 | (0.003) | 0.026 | (0.000) | 0.000 | |
| Postdisplacement | −0.178 | (0.003) | −0.046 | (0.000) | 0.000 | |
| R2 | 0.11 | 0.89 | 0.92 | |||
| Specification 3 | ||||||
| Net | −0.106 | (0.002) | −0.072 | (0.000) | 0.000 | |
| R 2 | 0.11 | 0.89 | 0.92 | |||
Notes: The dependent variable in all regression models is the natural log of the real monthly wages. Columns 1, 2, and 3 report, respectively, the OLS, the base, and full model regression coefficient estimates. Age (and its square) and time dummies included in the OLS model; age squared, time dummies, and worker fixed effects included in the base model; age squared, time dummies, worker–firm, and job title fixed effects included in the full model. Specification 1 presents the estimates of the coefficients of the displacement dummies for each year before and after displacement. Specification 2 aggregates the years into two periods before (years D −10–D 0) and after (years D 1–D 10) displacement; Specification 3 is a simple reparametrization of Specification 2 providing the net effect. Standard errors in Column 1 are clustered by worker and firm and in Columns 2 and 3 are bootstrapped at the worker level using 500 resamplings. The total number of observations equals 16,731,112.