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Table 10 Detailed three-fold earnings decompositions: october 2008

From: Bound to lose, bound to win? The financial crisis and the informal-formal sector earnings gap in Serbia

  (1) Not formally registered (2) No labor contract (3) No pension benefits
  Endowments Returns Interaction Endowments Returns Interaction Endowments Returns Interaction
Age cohort 0.032*** 0.087*** −0.041*** 0.031*** −0.009*** 0.015*** 0.029*** −0.001 0.007***
  [0.001] [0.002] [0.002] [0.000] [0.002] [0.001] [0.000] [0.002] [0.001]
Education 0.086*** 0.086*** 0.287*** 0.071*** −0.010*** 0.010*** 0.061*** −0.009*** 0.017***
  [0.001] [0.003] [0.004] [0.001] [0.002] [0.002] [0.001] [0.002] [0.002]
Part-time 0.154*** −0.340*** 0.220*** 0.051*** −0.258*** 0.096*** 0.021*** −0.334*** 0.124***
  [0.002] [0.005] [0.004] [0.001] [0.005] [0.002] [0.002] [0.005] [0.002]
Industry 0.066*** −0.039*** −0.140*** 0.021*** −0.016*** −0.026*** 0.022*** −0.022*** −0.033***
  [0.002] [0.004] [0.004] [0.001] [0.002] [0.002] [0.001] [0.002] [0.002]
Occupation 0.163*** 0.115*** −0.01 0.108*** −0.074*** −0.061*** 0.098*** −0.056*** 0.006***
  [0.001] [0.003] [0.008] [0.001] [0.002] [0.003] [0.001] [0.002] [0.002]
Firm size 0.044*** 0.156*** −0.056*** 0.030*** 0.020*** 0.105*** 0.028*** 0.017*** 0.029***
  [0.001] [0.006] [0.003] [0.000] [0.002] [0.002] [0.000] [0.002] [0.002]
Urban 0.003*** 0.017*** −0.044*** 0.004*** 0.013*** −0.021*** 0.003*** 0.017*** −0.023***
  [0.000] [0.001] [0.003] [0.000] [0.001] [0.001] [0.000] [0.001] [0.001]
Region 0.005*** −0.115*** −0.005 0.006*** −0.014*** 0.038*** 0.001** −0.020*** 0.022***
  [0.000] [0.002] [0.004] [0.000] [0.001] [0.001] [0.000] [0.001] [0.001]
Constant   0.185***    0.534***    0.638***  
   [0.012]    [0.006]    [0.006]  
N 2,783 2,783 2,783 2,783 2,783 2,783 2,783 2,783 2,783
  1. Notes: Values in brackets are robust Huber-White (Huber 1967; White 1980) standard errors, computed according to Jann (2008). The decompositions treat the formal sector workers as the reference (Oaxaca 1973; Blinder 1973). **: statistically significant at 5%; ***: statistically significant at 1%
  2. Source: Serbia Labor Force Survey (October 2008)