Separations and Recruits Elasticities to Firm Component of Wage Using AKM
| Wage | Firm FE | ||||
|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | |
| All separations | -0.282 | -0.51 | -0.622 | -1.342 | -1.448 |
| (0.005) | (0.01) | (0.015) | (0.085) | (0.095) | |
| E-E separations | -0.317 | -0.533 | -0.753 | -1.677 | -1.811 |
| (0.007) | (0.013) | (0.023) | (0.127) | (0.141) | |
| E-N separations | -0.291 | -0.422 | -0.578 | -1.209 | -1.303 |
| (0.005) | (0.01) | (0.014) | (0.075) | (0.085) | |
| E-E recruits | 0.266 | 0.127 | 0.067 | 0.413 | 0.438 |
| (0.022) | (0.031) | (0.017) | (0.059) | (0.064) | |
| Pct. EE-recruits | 0.47 | 0.47 | 0.464 | 0.464 | 0.465 |
| Labor supply elasticity | 0.355 | 0.879 | 1.345 | 2.69 | 2.912 |
| (0.024) | (0.037) | (0.039) | (0.199) | (0.221) | |
| Obs. (millions) | 7.348 | 7.348 | 69.072 | 69.072 | 68.553 |
| Log hourly wage | Y | Y | Y | Y | |
| Hazard spec. | Y | Y | |||
| Firm FE | Y | Y | |||
| Split sample | Y | ||||
| F-statistic | 9,792 | ||||
Notes: The unit of observation for the hazard specifications is an employment spell and for the linear specifications are both worker–quarter record. The Column 1 regressor is log quarterly wage. Elasticities are reported in each cell for the linear specifications, by dividing the regression coefficient by the corresponding sample mean of the outcome. Pct. E-E recruits indicates the average proportion of hires from employment. The first-stage F-statistic is given for the Row 1 regression. Firm fixed effects are censored at the 2.5 percent tails of the firm FE distribution. Standard errors are shown in parentheses.