Extra Status and Extra Stress: Are Promotions Good for Us? - Iza

Table 2: Estimated Effects of Promotions from Pooled OLS and Static Fixed-Effects Regression Models
Pooled OLS
FE with full
adaptation
FE with zero
adaptation
Estimate SE Estimate SE Estimate SE
Job Attributes
Control 0.098 ** (0.028) 0.087 ** (0.017) 0.087 ** (0.013)
Stress 0.161 ** (0.028) 0.048 * (0.019) 0.065 ** (0.014)
Security 0.180 ** (0.026) 0.106 ** (0.020) 0.066 ** (0.015)
Pay fairness 0.033 (0.028) 0.070 ** (0.022) 0.080 ** (0.016)
Log income 0.061 ** (0.013) 0.003 (0.008) 0.030 ** (0.008)
Hours 0.947 ** (0.263) 0.856 ** (0.154) 0.836 ** (0.123)
Satisfaction 0.143 ** (0.025) 0.152 ** (0.022) 0.061 ** (0.016)
Health and Wellbeing
General Health 0.048 (0.030) 0.004 (0.016) 0.008 (0.013)
Vitality 0.022 (0.028) 0.032 (0.017) -0.003 (0.013)
Mental Health 0.032 (0.027) 0.052 ** (0.019) -0.011 (0.013)
Life Satisfaction 0.053 (0.028) 0.022 (0.020) -0.007 (0.013)
Sample size 19306 19306 19306
Note: Standard errors clustered at the worker level are shown in parentheses. * and ** denote significance at .05
and .01 levels. The covariates are age, age squared, educational attainment (degree, certificate, high school
graduate), marital status (married/cohabitating, divorced/separated), number of children and year dummies. Full
adaptation implies that the effect of a promotion lasts one period only and zero adaptation implies that the effect
is permanent. All job attributes and health and wellbeing outcome variables are standardized (standard deviation
one) with the exception of log income and hours.
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