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

China Finance and Economic Review

Table 8 Decomposition of conditional quantiles for the salary gap between monopoly industries and competition industries

	Original gap	Estimated gap by models	Gaps on characteristics	Structural gap	Percentage of explicable part (%)	Percentage of inexplicable part (%)
5 quantiles	0.11	0.04	0.07	−0.02	153.81	−53.81
10 quantiles	0.09	0.10	0.07	0.03	73.61	26.39
25 quantiles	0.20	0.26	0.10	0.16	37.76	62.24
Medians	0.46	0.47	0.14	0.33	28.88	71.12
75 quantiles	0.63	0.60	0.17	0.44	27.39	72.61
90 quantiles	0.57	0.63	0.18	0.46	27.93	72.07
95 quantiles	0.62	0.61	0.16	0.44	27.05	72.95

Note: individual characteristics’ variables include gender, years of education, age, age square, eastern region, central region, management personnel or not, with or without professional qualifications. Enterprises’ characteristics’ variables include whether there are losses, per capita profit and per capita sales