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Table 9 Overall earnings decompositions using three alternative informality measures: October 2008 and October 2009

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

  October 2008 October 2009
  (1) Not formally registered (2) No labor contract (3) No pension benefits (1) Not formally registered (2) No labor contract (3) No pension benefits
Three-fold:
 Endowments 0.553*** 0.323*** 0.262*** 0.308*** 0.288*** 0.287***
  [0.003] [0.002] [0.002] [0.002] [0.001] [0.002]
 Coefficients 0.151*** 0.186*** 0.230*** 0.096*** −0.162*** 0.161***
  [0.011] [0.004] [0.003] [0.006] [0.004] [0.004]
 Interaction 0.211*** 0.156*** 0.151*** 0.237*** 0.397*** 0.008**
  [0.012] [0.004] [0.004] [0.007] [0.005] [0.004]
Two-fold:
 Explained 0.553*** 0.323*** 0.262*** 0.308*** 0.288*** 0.287***
  [0.003] [0.002] [0.002] [0.002] [0.001] [0.002]
 Unexplained 0.362*** 0.342*** 0.381*** 0.334*** 0.236*** 0.169***
  [0.004] [0.003] [0.003] [0.004] [0.003] [0.002]
 N 2,783 2,783 2,783 2,577 2,577 2,577
  1. Values in brackets are robust Huber-White (Huber 1967; White 1980) standard errors. The decompositions treat the formal sector workers as the reference (Oaxaca 1973; Blinder 1973)
  2. **: statistically significant at 5%; ***: statistically significant at 1%. Source: Serbia Labor Force Survey (October 2008 and October 2009)