Table 3 Surpluses that the employees and the employers get in the transaction process.
From: Body shape and labor market dynamics: analyzing salary information asymmetry and bargaining power
Category | Mean (%) | SD (%) | Median (%) |
|---|---|---|---|
Total | |||
Employee \(\widehat{E}(1-{e}^{-w}|\varepsilon )\) | 32.43 | 9.93 | 29.25 |
Employer \(\widehat{E}(1-{e}^{-u}|\varepsilon )\) | 69.06 | 24.93 | 72.73 |
Net Surplus \(\widehat{E}({e}^{-u}-{e}^{-w}|\varepsilon )\) | − 36.63 | − 31.20 | − 43.48 |
Male | |||
Employee \(\widehat{E}(1-{e}^{-w}|\varepsilon )\) | 32.30 | 9.70 | 69.70 |
Employer \(\widehat{E}(1-{e}^{-u}|\varepsilon )\) | 67.04 | 24.04 | 29.26 |
Net Surplus \(\widehat{E}({e}^{-u}-{e}^{-w}|\varepsilon )\) | − 34.75 | 30.04 | − 40.45 |
Female | |||
Employee \(\widehat{E}(1-{e}^{-w}|\varepsilon )\) | 32.55 | 10.12 | 75.06 |
Employer \(\widehat{E}(1-{e}^{-u}|\varepsilon )\) | 70.91 | 25.58 | 29.25 |
Net Surplus \(\widehat{E}({e}^{-u}-{e}^{-w}|\varepsilon )\) | − 38.35 | 32.13 | − 45.81 |
