Table 6.

Log earnings firm‐shock heterogeneity.

	(1)	(2)	(3)	(4)	(5)	(6)
$\log (\mathrm{VAPW})$	0.066	0.039	0.068	0.057	−0.025	0.063
	(0.027)	(0.021)	(0.020)	(0.021)	(0.036)	(0.020)
$\log (\mathrm{VAPW})\times$ Female	−0.003
	(0.027)
$\log (\mathrm{VAPW})\times$ 25–34		0.035
		(0.002)
$\log (\mathrm{VAPW})\times$ 35–44		0.039
		(0.002)
log(VAPW)× 45–54		0.037
		(0.002)
$\log (\mathrm{VAPW})\times$ 55–64		0.023
		(0.002)
$\log (\mathrm{VAPW})\times$ Union			−0.002
			(0.001)
$\log (\mathrm{VAPW})\times$ 100–499				0.002
				(0.001)
$\log (\mathrm{VAPW})\times$ 500–1999				0.006
				(0.002)
$\log (\mathrm{VAPW})\times$ 2000+				0.009
				(0.002)
$\log (\mathrm{VAPW})\times$ Mid‐Skill					0.022
					(0.002)
$\log (\mathrm{VAPW})\times$ High‐Skill					0.029
					(0.002)
$\log (\mathrm{VAPW})\times$ Q2 Earnings						0.003
						(0.001)
$\log (\mathrm{VAPW})\times$ Q3 Earnings						0.008
						(0.001)
$\log (\mathrm{VAPW})\times$ Q4 Earnings						0.016
						(0.002)
$\log (\mathrm{VAPW})\times$ Q5 Earnings						0.029
						(0.002)
N	597,943	597,943	597,943	597,938	203,311	429,387

Note: Dependent variable is real log weekly earnings. Standard errors clustered by firm. Years 2002–2014. Estimation is by match fixed‐effect IV, instrumenting log value‐added per worker (VAPW) with log(VAPW) in the same 3‐digit industry (column (1) of Table 5). Source: ASHE/ARD.