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 | − 0.0654*** (0.017) | − 6.33% | ||
Underage costs | ||||
Total underage costs | 0.0012* (0.001) | 0.12% | ||
Demand structure | ||||
Industry volatility | 0.0306*** (0.011) | 3.11% | 0.0341*** (0.010) | 3.47% |
Interaction CR DS | ||||
Critical ratio | 0.0440 (0.029) | 4.50% | ||
Critical ratio × volatility | − 0.0020 (0.001) | − 0.20% | ||
Constant | − 3.5745*** (0.547) | − 3.6351*** (0.539) | ||
Controls | Included | Included | ||
Number of observations | 1592 | 1592 | 1592 | 1592 |
Pseudo R2 | 0.070 | 0.070 | 0.065 | 0.065 |