Table 6 Robustness - Placebo (2008–2012)... | Emerald Publishing

Table 6

Robustness - Placebo (2008–2012) – with treatment in 2010

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	−0.1447 [0.123]	−6.0884 [8.928]	−5.1457 [11.019]	−3,7169 [3.225]	−2,1855 [2.312]
State GDP	−0.5430 [0.635]	4.6500 [5.792]	2.4998 [7.159]	−2.9151 [6.647]	−1.7152 [7.241]
Hourly wage	−0.0737 [0.258]	−2.7788 [2.512]	−2.1257 [2.908]	1.9665 [1.930]	1.6879 [2.203]
Hourly wage fired	0.0611 [0.046]	1.1203** [0.546]	0.8009 [0.585]	0.1206 [0.383]	0.1472 [0.409]
Hourly wage hired	−0.1493 [0.167]	0.9299 [0.687]	0.5060 [0.707]	0.2728 [0.846]	0.3562 [0.939]
Gender	0.1462 [2.414]	−30.6403 [37.125]	−69.5068* [39.838]	8.0818 [63.531]	11.9769 [68.137]
Race	−0.2058 [0.145]	1.0947 [1.672]	1.7792 [1.796]	1.7461 [1.343]	1.8669 [1.442]
Employees per year	2.6484 [8.494]	130.5840 [170.526]	178.0017 [145.819]	477.9705* [263.734]	544.5298** [234.732]
Constant	−28.0408 [109.899]	−1,749.6323 [2,304.692]	−2,336.2257 [1,965.646]	−6,380.9200* [3,556.932]	−7,313.5868** [3,165.032]
Observations	599	744	599	599	599
R-squared	0.387	0.567	0.593	0.586	0.559

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	−0.1447 [0.123]	−6.0884 [8.928]	−5.1457 [11.019]	−3,7169 [3.225]	−2,1855 [2.312]
State GDP	−0.5430 [0.635]	4.6500 [5.792]	2.4998 [7.159]	−2.9151 [6.647]	−1.7152 [7.241]
Hourly wage	−0.0737 [0.258]	−2.7788 [2.512]	−2.1257 [2.908]	1.9665 [1.930]	1.6879 [2.203]
Hourly wage fired	0.0611 [0.046]	1.1203** [0.546]	0.8009 [0.585]	0.1206 [0.383]	0.1472 [0.409]
Hourly wage hired	−0.1493 [0.167]	0.9299 [0.687]	0.5060 [0.707]	0.2728 [0.846]	0.3562 [0.939]
Gender	0.1462 [2.414]	−30.6403 [37.125]	−69.5068* [39.838]	8.0818 [63.531]	11.9769 [68.137]
Race	−0.2058 [0.145]	1.0947 [1.672]	1.7792 [1.796]	1.7461 [1.343]	1.8669 [1.442]
Employees per year	2.6484 [8.494]	130.5840 [170.526]	178.0017 [145.819]	477.9705* [263.734]	544.5298** [234.732]
Constant	−28.0408 [109.899]	−1,749.6323 [2,304.692]	−2,336.2257 [1,965.646]	−6,380.9200* [3,556.932]	−7,313.5868** [3,165.032]
Observations	599	744	599	599	599
R-squared	0.387	0.567	0.593	0.586	0.559

Notes:

Robust standard errors in brackets;

***p < 0.01;

**p < 0.05;

*p < 0.10

Source: Table by authors