Table 3.

Parameter estimates for the restricted model

	Production	P value	Wage	P value
Baseline controlsa
Log (total no. of employees)	0.94 (0.02)***	<0.001	1.04 (0.01)***	<0.001
Log (capital)	0.04 (0.01)***	<0.001	0.05 (0.01)***	<0.001
Attendance rate	0.42 (0.12)***	<0.001	0.41 (0.07)***	<0.001
Team	0.66 (0.19)***	<0.001	0.40 (0.08)***	<0.001
Difference in attendance rate coefficients	0.01 (0.10)	0.958
Difference in team coefficients	0.26 (0.14)*	0.056
All controlsb
Log (total no. of employees)	0.95 (0.02)***	<0.001	1.08 (0.01)***	<0.001
Log (capital)	0.00 (0.01)	0.931	−0.03 (0.01)***	0.002
Attendance rate	0.46 (0.13)***	<0.001	0.47 (0.07)***	<0.001
Team	0.26 (0.11)**	0.021	0.08 (0.05)	0.110
Difference in attendance rate coefficients	−0.01 (0.10)	0.953
Difference in team coefficients	0.18 (0.09)**	0.037

^aModel adjusted for employment, capital stock, and years; ^bAdjusted for employment, capital stock, occupation, age, sex, education, race, immigrant, bargaining agreement, international market, foreign owned, region, industry and year; Standard error in the bracket; ^*** p ≤ 0.01; ^**0.01 < p ≤ 0.05; ^*0.05 < p ≤ 0.1