Table 5. Effects on the development of... | Emerald Publishing

Table 5.

Effects on the development of the human capital

Analysis group		Characteristics of the companies' fired workforce		Characteristics of the companies' hired workforce
Models	(1)	(2)	(3)	(4)	(5)
Variables	Turnover	Age fired	Experience fired	Age hired	Experience hired
Effect	0.1441** [0.071]	2.6664 [2.259]	2.4557 [2.378]	6.3868*** [1.936]	6.5753*** [1.963]
State GDP	−0.4847 [0.630]	1.2764 [6.880]	3.2383 [7.385]	−0.0737 [6.554]	1.3664 [7.136]
Hourly wage	−0.0775 [0.256]	−2.2406 [2.874]	−2.0832 [2.927]	1.6887 [1.901]	1.3359 [2.171]
Hourly wage fired	0.0617 [0.046]	0.8394 [0.545]	0.8068 [0.584]	0.1525 [0.385]	0.1829 [0.411]
Hourly wage hired	−0.1539 [0.168]	0.3453 [0.666]	0.4445 [0.701]	0.0568 [0.840]	0.1242 [0.941]
Gender	0.1275 [2.425]	−58.1062 [37.055]	−69.6272* [40.341]	7.0568 [64.726]	10.8008 [69.678]
Race	−0.2148 [0.150]	1.2417 [1.733]	1.6233 [1.700]	1.3496 [1.209]	1.4602 [1.371]
Employees per year	2.0654 [8.493]	158.1720 [154.850]	170.7299 [149.414]	449.4462* [259.377]	513.5317** [231.016]
Constant	−20.9299 [110.003]	−2,048.1339 [2,083.498]	−2,248.6037 [2,010.497]	−6,031.9287* [3,498.175]	−6,933.7335** [3,114.586]
Observations	599	599	599	599	599
R-squared	0.387	0.602	0.593	0.593	0.566

Analysis group		Characteristics of the companies' fired workforce		Characteristics of the companies' hired workforce
Models	(1)	(2)	(3)	(4)	(5)
Variables	Turnover	Age fired	Experience fired	Age hired	Experience hired
Effect	0.1441** [0.071]	2.6664 [2.259]	2.4557 [2.378]	6.3868*** [1.936]	6.5753*** [1.963]
State GDP	−0.4847 [0.630]	1.2764 [6.880]	3.2383 [7.385]	−0.0737 [6.554]	1.3664 [7.136]
Hourly wage	−0.0775 [0.256]	−2.2406 [2.874]	−2.0832 [2.927]	1.6887 [1.901]	1.3359 [2.171]
Hourly wage fired	0.0617 [0.046]	0.8394 [0.545]	0.8068 [0.584]	0.1525 [0.385]	0.1829 [0.411]
Hourly wage hired	−0.1539 [0.168]	0.3453 [0.666]	0.4445 [0.701]	0.0568 [0.840]	0.1242 [0.941]
Gender	0.1275 [2.425]	−58.1062 [37.055]	−69.6272* [40.341]	7.0568 [64.726]	10.8008 [69.678]
Race	−0.2148 [0.150]	1.2417 [1.733]	1.6233 [1.700]	1.3496 [1.209]	1.4602 [1.371]
Employees per year	2.0654 [8.493]	158.1720 [154.850]	170.7299 [149.414]	449.4462* [259.377]	513.5317** [231.016]
Constant	−20.9299 [110.003]	−2,048.1339 [2,083.498]	−2,248.6037 [2,010.497]	−6,031.9287* [3,498.175]	−6,933.7335** [3,114.586]
Observations	599	599	599	599	599
R-squared	0.387	0.602	0.593	0.593	0.566

Notes:

Robust standard errors in brackets;

***p < 0.01;

**p < 0.05;

*p < 0.10

Source: Table by authors