Estimates for log hourly wages (OLS and fixed effects results)
| (1) | (2) | (3) | |
|---|---|---|---|
| OLS | OLS | FE | |
| Training | 0.268*** | 0.055*** | 0.009*** |
| (0.008) | (0.006) | (0.003) | |
| New Technology | 0.157*** | 0.022*** | 0.003 |
| (0.009) | (0.006) | (0.004) | |
| Training × New Technology | −0.089*** | −0.013 | −0.008 |
| (0.013) | (0.009) | (0.007) | |
| Year dummies | Yes | Yes | Yes |
| Individual and job characteristics | No | Yes | Yes |
| Individual fixed effects | No | No | Yes |
| Observations | 44,791 | 44,791 | 44,791 |
| R2/Within R2 | 0.060 | 0.548 | 0.129 |
| (1) | (2) | (3) | |
|---|---|---|---|
| OLS | OLS | FE | |
| Training | 0.268*** | 0.055*** | 0.009*** |
| (0.008) | (0.006) | (0.003) | |
| New Technology | 0.157*** | 0.022*** | 0.003 |
| (0.009) | (0.006) | (0.004) | |
| Training × New Technology | −0.089*** | −0.013 | −0.008 |
| (0.013) | (0.009) | (0.007) | |
| Year dummies | Yes | Yes | Yes |
| Individual and job characteristics | No | Yes | Yes |
| Individual fixed effects | No | No | Yes |
| Observations | 44,791 | 44,791 | 44,791 |
| 0.060 | 0.548 | 0.129 |
Note(s): Clustered standard errors in parentheses. *p < 0.10, **p < 0.05, ***p < 0.01
Dependent variable is the log hourly wage. In specifications (1) and (2) Training (New Technology) is a dummy indicating participation (adoption) in the preceding year. In specification (3) Training (New Technology) refers to the stock of years with training (new technology adoption) and the Training × New Technology variable refers to the stock of years when both training and new technology took place. Individual and job characteristics refer to the variables listed in Table 1