Competition, Income Distribution, and the Middle Class: An Experimental Study
Table 2
Individual effort by treatment.
Coefficient
SE
Expected sign
Baseline
Mean
−0.281
0.231
0.228
+
Variance
0.038
0.209
0.855
+
Skewness
−0.552
0.194
0.006
−
Constant
3.170
0.200
0.000
0.0132
3.76
0.015
Veto
Mean
−0.313
0.208
0.137
Variance
−0.063
0.181
0.731
Skewness
0.375
0.222
0.095
Constant
2.729
0.180
0.000
0.008
1.96
0.128
Note. Fixed effects regression ( in both regressions). Endogenous variable: effort. SE: robust standard errors. Subject and period dummies. : significance level of a two-tailed -test.