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Table 2 Returns to employer tenure

From: The sources of wage growth in a developing country

Dependent variable

(1)

(2)

(3)

(4)

Log hourly wage

OLS

IV

OLS

IV

Employer tenure

0.016*

0.039***

−0.002

0.008

 

(0.009)

(0.011)

(0.024)

(0.029)

Employer tenure2

  

0.001

0.002

   

(0.002)

(0.002)

Potential experience

0.014***

0.013***

0.025**

0.017

 

(0.003)

(0.003)

(0.012)

(0.012)

Potential experience2

  

−0.000

0.000

   

(0.001)

(0.001)

Potential experience3

  

−0.000

−0.000

   

(0.000)

(0.000)

Employer tenure >1

−0.123**

−0.111**

−0.107*

−0.056

 

(0.049)

(0.055)

(0.060)

(0.066)

Married

0.173***

0.141***

0.132***

0.115**

 

(0.047)

(0.047)

(0.050)

(0.049)

Education

0.105***

0.104***

−0.095***

−0.100***

 

(0.008)

(0.008)

(0.032)

(0.031)

Education2

  

0.010***

0.010***

   

(0.002)

(0.002)

Province unemployment

−0.015

−0.017

−0.022

−0.024

Rate

(0.017)

(0.017)

(0.017)

(0.017)

Observations

1616

1616

1616

1616

R-squared

0.299

0.293

0.320

0.314

Durbin-Wu-Hausman tests of endogeneity

    

Chi2

 

0.008

 

0.007

F

 

0.009

 

0.008

  1. Notes: Robust standard errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1. Occupation, industry, province, and year fixed effects are included. Cols. 3 and 4 include employer tenure squared, potential experience squared and cubed, and education squared