Table 2

No-Poach Clause Logit Estimates—Average Characteristics of Workers in Industry

Explanatory VariableMean [SD]Has Agreement = 1
(1)(2)(3)(4)
Constant-1.069*-1.543*3.694-2.311
(0.622)(0.939)(3.513)(4.340)
New-hire rate28.20.051**0.072*
[9.5](0.020)(0.040)
Mean log hourly wage rate2.39-1.543*1.318
[0.24](0.939)(1.665)
Mean years of schooling12.890.260-0.195
[0.93](0.260)(0.254)
Pseudo R-squared0.0390.0240.0110.042

  • Notes: Sample size is 156 franchisors. Mean of dependent variable is 0.58. New-hire rate is percentage of workers in industry with one year or less of tenure. Standard errors allow for clustering at the two-digit CPS industry level. Statistical significance:

  • ↵* p < 0.10,

  • ↵** p < 0.05.