Elementos Estructurales

[Table 4 about here.]

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Table 1: Real Wages and Profit-Sharing in West Germany 1991–2000

Real wages Incidence Amount of Ratio profit-profit- profit-sharing sharing/Fixed

sharing real wage

Year Mean Std.Dev. Mean Mean Std.Dev. Mean

1991 4855.57 2295.63 0.16 463.84 673.92 0.08

1992 5044.09 2321.57 0.18 428.01 676.64 0.07

1993 5161.24 2494.86 0.16 398.81 603.95 0.06

1994 5222.89 2497.59 0.14 555.69 742.75 0.08

1995 5443.35 2667.42 0.18 407.74 566.59 0.06

1996 5532.62 2725.87 0.19 480.68 678.01 0.06

1997 5591.18 2772.91 0.18 490.73 920.46 0.07

1998 5716.53 2935.16 0.25 601.35 1024.50 0.07

1999 5837.46 3056.37 0.21 717.55 1071.90 0.08

2000 5904.03 3132.08 0.23 762.82 1097.92 0.08

Source: GSOEP. Sample weights used.

Table 2: Real Wages for Groups with and without Profit-Sharing (DM)

Without profit-sharing With profit-sharing

Coefficient Coefficient

Year Mean Standard

of Mean Standard

deviation of

Variation deviation

Variation

1991 4486.32 1932.07 0.43 6733.26 2989.99 0.44

1992 4699.97 1965.52 0.42 6585.27 3063.83 0.47

1993 4857.77 2120.83 0.44 6708.97 3502.66 0.52

1994 4845.74 2076.34 0.43 7612.24 3456.62 0.45

1995 5005.30 2200.85 0.44 7429.71 3563.69 0.48

1996 5063.59 2201.65 0.44 7579.52 3695.67 0.49

1997 5250.36 2466.32 0.47 7123.95 3483.37 0.49

1998 5012.27 2190.90 0.44 7829.91 3766.17 0.48

1999 5254.80 2442.04 0.47 8079.34 4014.14 0.50

2000 5203.76 2350.62 0.45 8282.59 4139.68 0.50

Source: GSOEP. Sample weights used.

Table 3: Estimation results

Profit-Sharing Equation Wage Equation

Variable Estimate Std.Dev Estimate Std.Dev

Male 0.298 0.188 0.413** 0.080

German 1.041** 0.200 0.097** 0.027

Part-time 0.463* 0.202 -.261** 0.036

Tenure (\10) -.019 0.022

Tenure² (\1000) 0.122 0.096

Experience (\10) 0.623⁺ 0.351 0.177** 0.056

Experience² (\1000) -1.56* 0.661 -.295** 0.083

Years of schooling 2.345** 0.544

Amount Overtime (\100) 0.148** 0.021

Firm size: 20 ≤ X < 200 0.121 0.118 0.031⁺ 0.017 Firm size: 200 ≤ X < 2000 0.320* 0.151 0.052** 0.019

Firm size: X ≥ 2000 0.665** 0.150 0.075** 0.023

Chemistry, mining -.170 0.258 0.012 0.014

Construction 0.098 0.333 0.016 0.020

Finance, insurance, wholesale trade 0.126 0.245 -.011 0.014

Manufacturing 0.204 0.239 0.002 0.014

Transportation, warehousing 0.202 0.307 0.014 0.024

Male*Experience (\10) -.004 0.028

Worker -.032 0.118 -.061** 0.014

Constant 3.616** 0.603 7.515** 0.135

Covariance Matrix

Parameter Estimate Std.Dev

Correlation Coefficient (ζ) 0.295** 0.055

ϑ₁ 0.122** 0.037

Source: GSOEP 1991-2000 (weighted estimation).

Significance Level: ** 0.01; * 0.05;⁺ 0.10.

Pseudo R²: ˆρ²₂=0.596; N T = 7200.

Table 4: Variables in Regression Analysis

Variable Mean Std.Dev

Log(real wage) 8.48 0.48

Profit-sharing 0.18 0.39

Male 0.70 0.46

German 0.89 0.31

Part-time 0.10 0.30

Tenure 13.36 9.15

Experience 24.53 9.59

Years of schooling 11.53 2.49

Worker 0.42 0.49

Amount overtime (hours) 11.33 16.80 Firm size: 20 ≤ X < 200 0.26 0.44 Firm size: 200 ≤ X < 2000 0.27 0.44

Firm size: X ≥ 2000 0.31 0.46

Chemistry, mining 0.16 0.37

Construction 0.08 0.27

Finance, insurance, wholesale trade 0.23 0.42

Manufacturing 0.40 0.49

Transportation, warehousing 0.05 0.21 Source: GSOEP. Sample weights used.

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