Table 5
Dependent variable	Wage variation (five categories: -2: -30%, -1: -10%, 0: 0%, 1: +10%, 2: +30%)
Estimation method	Ordered logit
Data	(1) Pooled	(2) Under 35	(2) 35 & over	(4) Pooled
Year control	age change × year Prefecture	age change × year Prefecture	age change × year Prefecture	age change × year Prefecture
Age - year interactions	Age	0.079 (0.009)**	-0.302 (0.031)**	-0.958 (0.047)**	0.117 (0.008)**
Age*dummy 1992	0.048 (0.007)**	-0.050 (0.020)*	0.169 (0.020)**
Age*dummy 1993	0.049 (0.008)**	-0.040 (0.022)	0.219 (0.021)**
Age*dummy 1994	0.038 (0.008)**	-0.077 (0.023)**	0.155 (0.021)**
Age*dummy 1995	0.032 (0.008)**	-0.070 (0.022)**	0.173 (0.020)**
Age*dummy 1996	-0.003 (0.007)	-0.097 (0.021)**	0.125 (0.020)**
Age*dummy 1997	-0.013 (0.007)	-0.088 (0.020)**	0.069 (0.020)**
Age*dummy 1998	0.028 (0.007)**	-0.121 (0.021)**	0.193 (0.020)**
Age*dummy 1999	-0.016 (0.008)*	-0.107 (0.022)**	0.118 (0.020)**
Age*dummy 2000	-0.025 (0.007)**	-0.086 (0.021)**	0.092 (0.020)**
Age*dummy 2001	0.003 (0.007)	-0.056 (0.021)**	0.121 (0.020)**
Age*dummy 2002	-0.043 (0.007)**	-0.143 (0.021)**	0.136 (0.019)**
Age²	-0.030 (0.001)**	0.046 (0.005)**	0.036 (0.003)**	-0.005 (0.000)**
Female dummy	0.040 (0.008)**	-0.169 (0.010)**	0.286 (0.012)**	0.030 (0.001)**
Graduate level dummy	Base = junior	High school	-0.188 (0.010)**	-0.096 (0.018)**	-0.208 (0.012)**	-0.190 (0.010)**
Junior college	-0.364 (0.013)**	-0.264 (0.021)**	-0.306 (0.019)**	-0.366 (0.013)**
University	-0.198 (0.013)**	-0.138 (0.022)**	-0.203 (0.018)**	-0.201 (0.013)**
Present firm size dummy	Base = 5-29	30 - 99	-0.228 (0.013)**	-0.208 (0.019)**	-0.238 (0.019)**	-0.233 (0.013)**
100 - 299	-0.405 (0.014)**	-0.365 (0.020)**	-0.429 (0.019)**	-0.407 (0.014)**
300 - 999	-0.384 (0.014)**	-0.334 (0.020)**	-0.407 (0.020)**	-0.384 (0.014)**
over 1000	-0.384 (0.014)**	-0.341 (0.020)**	-0.407 (0.020)**	-0.382 (0.014)**
Involuntary quit dummy	-0.715 (0.009)**	-0.384 (0.015)**	-0.917 (0.012)**	-0.702 (0.009)**
Present industry dummy	Base = mining	Construction	0.072 (0.029)*	-0.193 (0.046)**	0.244 (0.039)**	0.079 (0.029)**
Manufacturing	-0.167 (0.027)**	-0.257 (0.041)**	-0.169 (0.036)**	-0.153 (0.027)**
Electricity/ gas	-0.380 (0.040)**	-0.627 (0.059)**	-0.188 (0.055)**	-0.386 (0.040)**
Communication/transportation	-0.018 (0.031)	-0.212 (0.046)**	0.098 (0.042)*	-0.011 (0.031)
Wholesale/retail/restaurants	-0.368 (0.030)**	-0.496 (0.045)**	-0.272 (0.043)**	-0.362 (0.030)**
Finance/ insurance	-0.218 (0.033)**	-0.337 (0.049)**	-0.128 (0.046)**	-0.216 (0.033)**
Real estate	-0.273 (0.033)**	-0.295 (0.050)**	-0.237 (0.044)**	-0.264 (0.033)**
Service	-0.257 (0.027)**	-0.408 (0.042)**	-0.150 (0.037)**	-0.252 (0.027)**
Present occupation dummy	Base = technician	Manager	-0.078 (0.015)**	-0.099 (0.041)*	-0.014 (0.019)	-0.079 (0.015)**
Administration	-0.364 (0.011)**	-0.359 (0.014)**	-0.310 (0.019)**	-0.361 (0.011)**
Sales	-0.096 (0.016)**	-0.142 (0.020)**	-0.075 (0.026)**	-0.099 (0.016)**
Service	0.050 (0.013)**	-0.056 (0.017)**	0.084 (0.019)**	0.041 (0.013)**
Communication/transportation	0.299 (0.021)**	0.343 (0.030)**	0.285 (0.029)**	0.283 (0.021)**
Production	0.105 (0.011)**	0.020 (0.015)	0.115 (0.017)**	0.092 (0.011)**
Others	0.022 (0.014)	0.026 (0.020)	0.006 (0.020)	0.072 (0.013)**
Industry change	Dummy	-0.035 (0.020)	0.048 (0.026)	-0.105 (0.032)**	-0.108 (0.014)**
× 1992	-0.078 (0.030)**	-0.079 (0.040)*	-0.090 (0.046)
× 1993	-0.068 (0.032)*	-0.109 (0.043)*	-0.060 (0.048)
× 1994	-0.072 (0.032)*	-0.152 (0.045)**	-0.026 (0.048)
× 1995	-0.023 (0.031)	-0.041 (0.043)	-0.025 (0.047)
× 1996	-0.068 (0.030)*	-0.035 (0.041)	-0.134 (0.045)**
× 1997	-0.061 (0.029)*	-0.049 (0.039)	-0.110 (0.044)*
× 1998	-0.006 (0.030)	-0.002 (0.040)	-0.046 (0.045)
× 1999	0.029 (0.030)	0.036 (0.042)	-0.014 (0.045)
× 2000	0.064 (0.029)*	0.018 (0.040)	0.077 (0.044)
× 2001	0.054 (0.029)	0.056 (0.039)	0.018 (0.044)
× 2002	0.017 (0.029)	-0.022 (0.039)	0.020 (0.044)
× trend	0.009 (0.002)**