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Table 6 Wage returns to promotion and employer change

From: Labor market mobility and the early-career outcomes of immigrant men

  (1) (2) (3) (4) (5) (6)
Panel A: wage returns to promotion and employer change same for all groups
 1 if promoted 0.024* 0.025* 0.025* 0.027* 0.026* 0.025*
(0.013) (0.014) (0.014) (0.013) (0.014) (0.013)
 1 if changed employer 0.150*** 0.157*** 0.156*** 0.160*** 0.158*** 0.160***
(0.030) (0.028) (0.027) (0.028) (0.027) (0.028)
 Controls
  Person and job characteristics   Yes Yes Yes Yes Yes
  Occupation    Yes   Yes Yes
  Industry     Yes Yes Yes
  Percentile in firm wage distribution       Yes
  (1)
White native
(2)
Visible minority native
(3)
White immigrant
(4)
Visible minority immigrant
(5)
p value (1) = (2) = (3) = (4)
 
Panel B: allowing wage returns to vary by group
 1 if promoted 0.027 − 0.107*** 0.021 0.034 0.001  
(0.017) (0.035) (0.027) (0.026)   
 1 if changed employer 0.015*** − 0.013 0.209** 0.146* 0.416  
(0.032) (0.134) (0.106) (0.086)   
  1. Notes: Panel A reports the estimated coefficients of indicators for being promoted or changing employers between interviews from regressions of log-wage growth between interviews on these transition indicators and the controls listed for each column. Columns (1) to (4) of panel B report the estimated returns to promotions and employer changes for individuals belonging to different groups. The log-wage growth regression in panel B includes respondent and job characteristics (corresponding to column (2) in panel A) and interactions between the transition indicators and indicators for group membership (with white Canadian-born workers serving as the reference group). Panel B reports the sum of the coefficient estimates for the transition indicators and these interaction terms. The standard errors were calculated using the lincom command in Stata. Column (5) reports the p value for the F test of the null hypothesis that the interactions between the group indicators (for being a visible minority Canadian-born worker, a white immigrant, or a visible minority immigrant) and the transitions indicator (promotion or employer change) given in the far-left column are jointly equal to zero
  2. *Significant at the 10% level; **significant at the 5% level; ***significant at the 1% level