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. 2023 Aug 30;86(3):533–563. doi: 10.1007/s10640-023-00803-4

Table 10.

Outliers

(1) (2) (3) (4)
Trim WBT Winsorize WBT Trim output Winsorize output
WBT -105.599*** -98.335*** -67.055*** -71.912***
(11.558) (10.296) (8.456) (8.766)
Observations 31,765 35,190 31,667 35,190
Number of workers 589 635 536 635
Worker FE Yes Yes Yes Yes
Year FE Yes Yes Yes Yes
Month FE Yes Yes Yes Yes
Other weather Yes Yes Yes Yes

The dependent variable of all regressions is output per worker-shift. WBT refers to the maximum wet bulb temperature on day of shift. Trim temperature (output) excludes observations with temperature (output) higher than the 95th percentile and lower than the 5th percentile. Winsorize temperature (output) indicates that temperature (output) below the 5th percentile set to the 5th percentile, and above the 95th percentile set to the 95th percentile. Robust standard errors clustered at the worker level are presented in parentheses, and ***p<0.01, **p<0.05, *p<0.1