Table 3 Main determinants of the training intensity (optimal inventory level).
From: Another piece of the puzzle: Firms’ investment in training as production of optimal skills inventory
OC UC DS | Interaction CR DS | ||||
|---|---|---|---|---|---|
(1) | (2) | %change | (3) | %change | |
Overage costs | |||||
Total overage costs | − 0.0564*** (0.018) | − 0.0423*** (0.015) | − 4.14% | ||
Underage costs | |||||
Total underage costs | 0.0008 (0.001) | 0.0013* (0.001) | 0.13% | ||
Demand structure | |||||
Industry volatility | 0.0267*** (0.010) | 0.0222** (0.010) | 2.25% | 0.0255** (0.010) | 2.58% |
Interaction CR DS | |||||
Critical ratio | − 0.0004 (0.000) | − 0.04% | |||
Critical ratio × volatility | 0.0001** (0.000) | 0.01% | |||
Constant | − 3.1725*** (0.083) | − 4.0479*** (0.487) | − 4.0355*** (0.485) | ||
Controls | Included | Included | Included | Included | |
Number of observations | 3252 | 3252 | 3252 | 3252 | 3252 |
Pseudo R2 | 0.009 | 0.040 | 0.040 | 0.038 | 0.038 |