Table 5.
Parameter estimates for the complete model by firm size
| Small firms | Large firms | |||||||
|---|---|---|---|---|---|---|---|---|
| Production | P value | Wage | P value | Production | P value | Wage | P value | |
| Baseline controlsa | ||||||||
| Log (total no. of employees) | 0.87 (0.03)*** | <0.001 | 1.04 (0.02)*** | <0.001 | 1.07 (0.02)*** | <0.001 | 1.01 (0.02)*** | <0.001 |
| Log (capital) | 0.03 (0.01)*** | 0.005 | 0.04 (0.01)*** | <0.001 | 0.09 (0.01)*** | <0.001 | 0.08 (0.01)*** | <0.001 |
| Attendance rate, non-team workers | 0.39 (0.14)*** | 0.005 | 0.36 (0.08)*** | <0.001 | 1.95 (0.80)** | 0.015 | 1.66 (0.58)*** | 0.004 |
| Attendance rate, team workers | 6.34 (2.25)*** | 0.005 | 3.01 (1.03)*** | 0.004 | −0.57 (0.76) | 0.449 | −0.02 (0.70) | 0.974 |
| Team | 0.75 (0.27)*** | 0.005 | 0.35 (0.10)*** | <0.001 | 0.71 (0.15)*** | <0.001 | 0.63 (0.12)*** | <0.001 |
| Difference in attendance coefficients, non-team workers | 0.04 (0.11) | 0.745 | 0.29 (0.36) | 0.429 | ||||
| Difference in attendance coefficients, team workers | 3.33 (1.59)** | 0.036 | −0.55 (0.70) | 0.431 | ||||
| Difference in team coefficients | 0.40 (0.21)* | 0.056 | 0.08 (0.10) | 0.433 | ||||
| All controlsb | ||||||||
| Log (total no. of employees) | 0.88 (0.03)*** | <0.001 | 1.07 (0.02)*** | <0.001 | 1.10 (0.02)*** | <0.001 | 1.03 (0.02)*** | <0.001 |
| Log (capital) | 0.00 (0.02) | 0.939 | −0.03 (0.01)*** | 0.006 | 0.00 (0.01) | 0.879 | −0.01 (0.01) | 0.263 |
| Attendance rate, non-team workers | 0.47 (0.14)*** | 0.001 | 0.44 (0.06)*** | <0.001 | 1.32 (0.70)* | 0.061 | 1.08 (0.47)** | 0.021 |
| Attendance rate, team workers | 4.97 (1.87)*** | 0.008 | 2.25 (0.95)** | 0.018 | −0.76 (0.73) | 0.300 | −0.33 (0.64) | 0.609 |
| Team | 0.33 (0.18)* | 0.073 | 0.06 (0.06) | 0.260 | 0.19 (0.10)* | 0.054 | 0.09 (0.07) | 0.213 |
| Difference in attendance coefficients, non-team workers | 0.03 (0.12) | 0.811 | 0.24 (0.37) | 0.511 | ||||
| Difference in attendance coefficients, team workers | 2.72 (1.49)* | 0.068 | −0.43 (0.72) | 0.549 | ||||
| Difference in team coefficients | 0.27 (0.16)* | 0.091 | 0.10 (0.07) | 0.157 | ||||
Small firms are those with less than 20 employees; large firms are the remainder
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