Table 5 Main determinants of the training intensity for training-firms.
From: Another piece of the puzzle: Firms’ investment in training as production of optimal skills inventory
OC UC DS | Interaction CR DS | |||
|---|---|---|---|---|
(1) | %change | (2) | %change | |
Overage costs | ||||
Total overage costs | − 0.0258*** (0.005) | − 2.55% | ||
Underage costs | ||||
Total underage costs | 0.0002 (0.000) | 0.02% | ||
Demand structure | ||||
Industry volatility | 0.0149*** (0.003) | 1.51% | 0.0156*** (0.003) | 1.57% |
Interaction CR DS | ||||
Critical ratio | 0.0003* (0.000) | 0.03% | ||
Critical ratio × volatility | 0.00004*** (0.000) | 0.00% | ||
Constant | − 1.9350*** (0.100) | − 1.9155*** (0.096) | ||
Controls | Included | Included | Included | Included |
Number of observations | 2658 | 2658 | 2658 | 2658 |
Pseudo R2 | 0.144 | 0.144 | 0.141 | 0.141 |