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Table 5 Regression result of salary equation’s OLS

From: Re-discussion on the rationality of high income of monopoly industries: evidence from the employer-employee matched data

 

(1)

(2)

(3)

(4)

Logarithm of salary per hour

Monopoly industries

Monopoly industries

Competition industries

Competition industries

Male

.093***

.084***

.19***

.18***

(.0053)

(.0052)

(.0026)

(.0026)

Year of education

.16***

.15***

.084***

.083***

(.0011)

(.0011)

(.00063)

(.00063)

Age

.081***

.084***

.004***

.0076***

(.0021)

(.002)

(.0011)

(.0011)

Square of age

−.00079***

−.00083***

.000014

−.000021

(.000028)

(.000027)

(.000016)

(.000016)

Eastern region

.48***

.31***

.19***

.22***

(.0068)

(.0076)

(.0053)

(.0059)

Central region

.15***

.039***

−.032***

.019**

(.0087)

(.0088)

(.0058)

(.0064)

Management personnel

−.093***

−.071***

.26***

.26***

(.0079)

(.0078)

(.0044)

(.0043)

Professional qualifications

−.1***

−.079***

.054***

.044***

(.0055)

(.0053)

(.0027)

(.0026)

Per capita profits

 

.00053***

 

−.00039***

 

(.000017)

 

(.000044)

Per capita sales

 

−.00013***

 

.00006***

 

(4.2e−06)

 

(6.5e−06)

With or without losses

 

−.34***

 

−.23***

 

(.0055)

 

(.003)

Constant term

−1.5***

−1.2***

.89***

.85***

(.042)

(.041)

(.022)

(.022)

N

74,274

74,274

198,970

198,970

R 2

.27

.31

.22

.24

  1. Note: Inside the brackets were standard deviation and asterisk stands for significance. ** p < 0.01, *** p < 0.001