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.