Table 4 Logit Analysis Panel Data Correlation Structure
Variable EXP NPRIOR MALE MBAYEAR AGE NAFTER
Independent (1)
AR-1 (2)
Unstructured (3)
Independent (4)
Independent (5)
Year Basis ! Unstructured (6)
Independent (7)
.0452 (.0036) .0851 (.0079) .4757 (.0843) !.0070 (.0074) !.0265 (.0078)
.0502 (.0039) .0769 (.0088) .4562 (.0950) !.0044 (.0084) !.0250 (.0089)
.0534 (.0038) .0706 (.0092) .4565 (.0998) !.0054 (.0090) !.0256 (.0095)
.0070 (.0044) .0808 (.0082) .5266 (.0865) !.0214 (.0076) !.0117 (.0080) .0186 (.0119) .0786 (.0060)
.0205 (.0048) .1166 (.0088) .4769 (.0846) !.0094 (.0074) !.0281 (.0078)
.0341 (.0058) .0875 (.0117) .6021 (.1376) !.0136 (.0110) !.0299 (.0112)
.0430 (.0037) .0764 (.0078) .4605 (.0867) !.0218 (.0074) .0024 (.0079)
1.583 (1.37) 281 62,229
.00090 (.00020) !5.499 (.9904) 617 21,956
YRLEFT AVJOBTEN SDFIRST Constant Wald x2 Number of observations
!2.1085 (.9397) 842 26,819
!2.3626 (1.0669) 706 26,663
!2.2253 (1.1369) 786 26,819
!.7957 (.9587) 944 26,163
Note.—Dependent variable: 1 if employment spell is entrepreneurial. Standard errors are in parentheses.
.1218 (.0152) !1.9849 (.9330) 876 26,779