Exact(60)
The authors' preferred specification interacts the instrumented measure of the quality of industrial relations with unobservable shocks common to all 18 OECD countries in their sample.
Under the preferred specification presented in column (2), which includes a full set of controls as well as municipality fixed effects, it is estimated that Seguro Popular reduced on average the monthly amount of private transfers received by 50.86 pesos.
The authors' preferred specification is a so-called break-in-trend model, in which the first difference of employment is regressed on the contemporaneous level of the minimum wage (along with changes in the other controls).
In traditional discrete choice experiments – also called (choice-based) conjoint analysis by many practitioners in North America – respondents choose the most preferred specification of a good ('alternative' or 'profile') from a choice set of competing attribute profiles [ 2].
Additionally, regression analysis suggests that this standardization reflects shareholder preferences: Standardization in the terms of a shareholder proposal is associated with significantly higher shareholder support (in my preferred specification, approximately 39 percentage points of votes cast in favor).
This is the preferred specification.
This alternative specification is my preferred specification for two reasons.
We therefore exclude it from our preferred specification.
Column (5) shows the results for our preferred specification.
Table 6 presents the estimated competition effects from our preferred specification with match fixed effects.
For our preferred specification (column 2) the coefficients are negative but not statistically significant.
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