Table 4
Dependent variable	Wage variation (five categories: -2: -30%, -1: -10%, 0: 0%, 1: +10%, 2: +30%)
Estimation method	Ordered logit
Data	(1) 1991	(2) 1992	(3) 1993	(4) 1994	(5) 1995	(6) 1996	(7) 1997	(8) 1998	(9) 1999	(10) 2000	(11) 2001	(12) 2002	(13) pooled
Control	prefecture	prefecture	prefecture	prefecture	prefecture	prefecture	prefecture	prefecture	prefecture	prefecture	prefecture	prefecture
Age	0.241 (0.022)**	0.110 (0.023)**	0.124 (0.026)**	0.133 (0.027)**	0.099 (0.026)**	0.043 (0.025)	0.104 (0.024)**	0.018 (0.029)	0.081 (0.030)**	0.109 (0.028)**	0.212 (0.028)**	-0.022 (0.028)	0.121 (0.007)**
Age²	-0.045 (0.002)**	-0.024 (0.003)**	-0.028 (0.003)**	-0.029 (0.003)**	-0.027 (0.003)**	-0.022 (0.003)**	-0.031 (0.003)**	-0.021 (0.003)**	-0.032 (0.003)**	-0.036 (0.003)**	-0.045 (0.003)**	-0.024 (0.003)**	-0.032 (0.001)**
Female dummy	-0.006 (0.023)	0.041 (0.025)	0.047 (0.028)	0.075 (0.029)**	0.013 (0.028)	-0.027 (0.026)	-0.065 (0.025)**	0.009 (0.029)	0.033 (0.030)	-0.090 (0.028)**	-0.070 (0.028)*	-0.038 (0.027)	-0.011 (0.008)
Graduate level dummy	High school	-0.133 (0.026)**	-0.068 (0.028)*	-0.162 (0.032)**	-0.147 (0.033)**	-0.184 (0.033)**	-0.093 (0.033)**	-0.155 (0.033)**	-0.195 (0.040)**	-0.124 (0.041)**	-0.053 (0.040)	-0.149 (0.041)**	-0.154 (0.042)**	-0.157 (0.010)**
Junior college	-0.323 (0.041)**	-0.255 (0.046)**	-0.337 (0.049)**	-0.330 (0.052)**	-0.449 (0.048)**	-0.209 (0.042)**	-0.282 (0.041)**	-0.342 (0.049)**	-0.283 (0.050)**	-0.192 (0.048)**	-0.318 (0.049)**	-0.222 (0.049)**	-0.309 (0.013)**
University	-0.052 (0.040)	-0.094 (0.044)*	-0.204 (0.047)**	-0.165 (0.050)**	-0.243 (0.047)**	0.020 (0.045)	-0.055 (0.043)	-0.088 (0.052)	-0.054 (0.053)	0.097 (0.050)	-0.073 (0.051)	0.054 (0.051)	-0.091 (0.013)**
Present firm size dummy	30 - 99	0.023 (0.041)	-0.021 (0.042)	0.060 (0.047)	0.076 (0.047)	-0.106 (0.046)*	0.090 (0.045)*	0.054 (0.045)	0.066 (0.053)	-0.005 (0.051)	-0.006 (0.049)	-0.050 (0.051)	-0.020 (0.050)	0.003 (0.013)
100 - 299	-0.016 (0.040)	-0.042 (0.042)	0.030 (0.047)	0.034 (0.047)	-0.057 (0.046)	0.042 (0.046)	0.032 (0.044)	0.079 (0.053)	-0.181 (0.051)**	-0.009 (0.049)	-0.176 (0.050)**	0.114 (0.049)*	-0.019 (0.013)
300 - 999	0.112 (0.041)**	0.088 (0.043)*	0.211 (0.049)**	0.192 (0.049)**	0.003 (0.047)	0.101 (0.047)*	0.224 (0.046)**	0.181 (0.054)**	0.122 (0.053)*	0.204 (0.050)**	-0.020 (0.051)	0.171 (0.051)**	0.119 (0.014)**
over 1000	0.443 (0.041)**	0.336 (0.043)**	0.432 (0.049)**	0.321 (0.049)**	0.200 (0.046)**	0.269 (0.046)**	0.321 (0.045)**	0.342 (0.053)**	0.211 (0.052)**	0.249 (0.049)**	0.164 (0.050)**	0.320 (0.050)**	0.296 (0.013)**
Part time dummy	-1.309 (0.036)**	-1.571 (0.039)**	-1.599 (0.041)**	-1.665 (0.041)**	-1.678 (0.038)**	-1.516 (0.034)**	-1.515 (0.032)**	-1.784 (0.036)**	-1.639 (0.035)**	-1.518 (0.032)**	-1.594 (0.032)**	-1.614 (0.030)**	-1.569 (0.010)**
Involuntary quit dummy	-0.915 (0.031)**	-0.665 (0.034)**	-0.591 (0.034)**	-0.640 (0.035)**	-0.619 (0.032)**	-0.642 (0.032)**	-0.639 (0.032)**	-0.701 (0.034)**	-0.709 (0.033)**	-0.763 (0.030)**	-0.571 (0.030)**	-0.573 (0.035)**	-0.648 (0.009)**
Present industry dummy	Construction	-0.005 (0.089)	0.134 (0.089)	-0.282 (0.109)**	0.556 (0.111)**	0.129 (0.109)	0.193 (0.104)	0.283 (0.103)**	0.031 (0.114)	-0.238 (0.135)	-0.088 (0.125)	-0.034 (0.144)	-0.016 (0.142)	0.096 (0.031)**
Manufacturing	-0.328 (0.078)**	-0.290 (0.079)**	-0.635 (0.099)**	0.127 (0.100)	-0.167 (0.101)	-0.115 (0.096)	-0.036 (0.097)	-0.239 (0.105)*	-0.420 (0.126)**	-0.316 (0.117)**	-0.216 (0.136)	-0.069 (0.134)	-0.197 (0.029)**
Electricity/gas	-0.376 (0.131)**	-0.461 (0.121)**	-0.823 (0.136)**	0.326 (0.143)*	-0.219 (0.135)	-0.245 (0.134)	-0.245 (0.149)	-0.210 (0.160)	-0.547 (0.178)**	-0.443 (0.177)*	-0.499 (0.184)**	-0.157 (0.164)	-0.321 (0.041)**
Communication/ transportation	-0.140 (0.093)	0.024 (0.095)	-0.498 (0.111)**	0.473 (0.115)**	-0.077 (0.114)	-0.030 (0.106)	0.020 (0.107)	-0.007 (0.117)	-0.415 (0.138)**	-0.398 (0.128)**	-0.201 (0.148)	-0.066 (0.146)	-0.065 (0.032)*
Wholesale/retail/ restaurants	-0.446 (0.091)**	-0.331 (0.093)**	-0.815 (0.114)**	0.056 (0.117)	-0.332 (0.116)**	-0.349 (0.107)**	-0.322 (0.108)**	-0.435 (0.116)**	-0.772 (0.135)**	-0.623 (0.125)**	-0.685 (0.143)**	-0.294 (0.141)*	-0.429 (0.032)**
Finance/insurance	-0.580 (0.105)**	-0.482 (0.114)**	-0.550 (0.129)**	0.092 (0.128)	-0.379 (0.128)**	0.048 (0.117)	-0.145 (0.116)	-0.184 (0.121)	-0.421 (0.147)**	-0.185 (0.135)	-0.279 (0.152)	-0.209 (0.149)	-0.244 (0.035)**
Real estate	-0.266 (0.101)**	-0.042 (0.108)	-0.582 (0.119)**	0.313 (0.122)*	-0.194 (0.121)	-0.225 (0.114)*	-0.225 (0.114)*	-0.357 (0.126)**	-0.505 (0.146)**	-0.194 (0.132)	-0.501 (0.151)**	-0.130 (0.158)	-0.208 (0.034)**
Service	-0.446 (0.081)**	-0.312 (0.081)**	-0.604 (0.100)**	0.125 (0.102)	-0.209 (0.103)*	-0.182 (0.098)	-0.281 (0.099)**	-0.410 (0.107)**	-0.607 (0.128)**	-0.531 (0.118)**	-0.388 (0.137)**	-0.292 (0.135)*	-0.326 (0.029)**
Present occupation dummy	Manager	0.405 (0.072)**	0.268 (0.079)**	0.395 (0.081)**	0.371 (0.085)**	0.322 (0.082)**	0.480 (0.073)**	0.446 (0.072)**	0.400 (0