Table 4

GL and RL–Fixed and random effects models

VariableGLRL
Fixed effectsRandom effectsFixed effectsRandom effects
fact0.18004***0.04526***0.13040***0.02800***
(15.82)(4.14)(14.03)(3.13)
age −0.00229*** 0.00312***
 (−6.89) (11.13)
jurnat−0.00043***−0.00002***−0.00039***−0.00001***
(−10.63)(−1.42)(−11.69)(−1.03)
nempl−0.00035***−0.00067***−0.00034***−0.00053***
(−7.45)(−19.60)(−8.74)(−18.71)

Note(s): *, **, *** statistically significant coefficients for 10%, 5% and 1%, respectively. Fixed Effects–R2 = 0.0000; Random Effects–R2 = 0.0007; Hausman Test: Prob > chi2 = 0.0000; for GL. Fixed Effects–R2 = 0.0000; Random Effects–R2 = 0.0006; Hausman Test: Prob > chi2 = 0.0000; for RL

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