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Table 11 Detailed three-fold earnings decompositions: october 2009

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 −0.001*** 0.200*** −0.018*** 0.022*** −0.150*** −0.020*** 0.023*** −0.021*** −0.015***
  [0.000] [0.004] [0.002] [0.000] [0.004] [0.001] [0.000] [0.007] [0.001]
Education 0.053*** −0.061*** 0.035*** 0.070*** 0.129*** 0.114*** 0.060*** 0.005* −0.001
  [0.001] [0.003] [0.003] [0.001] [0.003] [0.005] [0.001] [0.003] [0.004]
Part-time 0.064*** −0.110*** 0.064*** 0.019*** −0.241*** 0.086*** 0.040*** −0.080*** 0.026***
  [0.001] [0.005] [0.003] [0.001] [0.004] [0.002] [0.001] [0.004] [0.001]
Industry 0.026*** 0.171*** −0.118*** 0.017*** −0.040*** 0.150*** 0.021*** −0.034*** 0.055***
  [0.001] [0.003] [0.005] [0.001] [0.003] [0.005] [0.001] [0.002] [0.004]
Occupation 0.074*** −0.019*** 0.028*** 0.081*** −0.076*** 0.023*** 0.076*** −0.073*** −0.064***
  [0.001] [0.003] [0.006] [0.001] [0.002] [0.003] [0.001] [0.002] [0.004]
Firm size 0.068*** −0.037*** 0.184*** 0.052*** −0.001 0.040*** 0.045*** −0.009*** 0.011***
  [0.001] [0.004] [0.008] [0.001] [0.002] [0.002] [0.000] [0.002] [0.002]
Urban 0.011*** −0.020*** 0.035*** 0.011*** 0.029*** −0.039*** 0.011*** 0.023*** −0.030***
  [0.000] [0.001] [0.002] [0.000] [0.001] [0.001] [0.000] [0.001] [0.001]
Region 0.014*** −0.037*** 0.027*** 0.016*** 0.007*** 0.043*** 0.011*** −0.013*** 0.026***
  [0.001] [0.001] [0.002] [0.000] [0.001] [0.001] [0.000] [0.001] [0.001]
Constant   0.01    0.181***    0.363***  
   [0.007]    [0.008]    [0.007]  
N 2,577 2,577 2,577 2,577 2,577 2,577 2,577 2,577 2,577
  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 10%; ***: statistically significant at 1%
  2. Source: Serbia Labor Force Survey (October 2009)