Figure 2
The horizontal axis ranges from 0.20 to 0.28 in increments of 0.02 units. The vertical axis lists three grouped sections labeled “Ln(Y/L) (std.)”, “T F P: Cobb-D. (std.)”, and “T F P: Translog (std.)”. Within each section, three rows are labeled “Wages”, “Wages plus Benefits”, and “Adj. Wages”. Each row contains a circular point estimate with a horizontal line representing a confidence interval. For “Ln(Y/L) (std.)”: Wages: coefficient 0.231. Wages plus Benefits: coefficient 0.236. Adj. Wages: coefficient 0.276. For “T F P: Cobb-D. (std.)”: Wages: coefficient 0.211. Wages plus Benefits: coefficient 0.215. Adj. Wages: coefficient 0.241. For “T F P: Translog (std.)”: Wages: coefficient 0.211. Wages plus Benefits: coefficient 0.215. Adj. Wages: coefficient 0.241. Coefficients and 95% confidence intervals for models containing only measures of compensation and productivity. Note(s): Lines denote 95% confidence intervals from bootstrapped standard errors. Source: Authors' calculations based on EC 2018