Table 1: Independent variable is Log of Hourly Wage Rate (Cross-sectional Analysis)
|
1A |
1B |
1C |
1D | |
|
Time Period |
1989 |
2002 |
2002 |
2002 |
|
Number of Observations |
7799 |
6156 |
3352 |
3352 |
|
AFQT_n |
0.178** |
0.238** |
0.027 | |
|
(0.011) |
(0.012) |
(0.026) | ||
|
General Intelligence |
0.040 | |||
|
(0.035) | ||||
|
Age_n |
0.031** |
-0.015 | ||
|
(0.009) |
(0.010) | |||
|
SES_n |
0.083** |
0.145** | ||
|
(0.014) |
(0.016) | |||
|
Family Income_n |
0.063* |
0.062** | ||
|
(0.017) |
(0.017) | |||
|
Mother's Edu_n |
-0.035 |
-0.039 | ||
|
(0.019) |
(0.019) | |||
|
Father's Edu_n |
0.057** |
0.056** | ||
|
(0.020) |
(0.020) | |||
|
Parents' SEI_n |
0.024 |
0.024 | ||
|
(0.016) |
(0.015) | |||
|
Siblings_n |
0.011 |
0.014 | ||
|
(0.015) |
(0.015) | |||
|
Northeast Region |
0.100* |
0.107* | ||
|
(0.044) |
(0.049) | |||
|
Northcentral Region |
0.020 |
0.024 | ||
|
(0.040) |
(0.044) | |||
|
South Region |
0.041 |
0.049 | ||
|
(0.043) |
(0.046) | |||
|
Black |
-0.016 |
0.014 | ||
|
(0.038) |
(0.040) | |||
|
Black*test |
0.126** |
0.123** | ||
|
(0.035) |
(0.040) | |||
|
Hispanic |
0.084* |
0.094* | ||
|
(0.042) |
(0.042) | |||
|
Hispanic*test |
0.051 |
0.047 | ||
|
(0.036) |
(0.037) | |||
|
Male |
0292** |
0.270** | ||
|
(0.026) |
(0.026) | |||
|
Male*test |
0.055 |
0.069* | ||
|
(0.029) |
(0.031) | |||
|
Two-Parent Family |
-0.048 |
-0.048 | ||
|
(0.029) |
(0.029) | |||
|
Education (2002) |
0.069** |
0.065** | ||
|
(0.010) |
(0.010) | |||
|
Job Tenure (2002) |
0.021** |
0.021** | ||
|
(0.002) |
(0.002) | |||
|
Labor Market Exp (2002) |
-0.010 |
-0.013* | ||
|
(0.006) |
(0.006) | |||
|
Married (2002) |
0.152** |
0.151** | ||
|
(0.031) |
(0.031) | |||
|
Children (2002) |
0.002 |
0.001 | ||
|
(0.013) |
(0.013) | |||
|
Urban (2002) |
0.125** |
0.127** | ||
|
(0.029) |
(0.029) | |||
|
Local Unemployment (2002) |
-0.001 |
-0.001 | ||
|
(0.006) |
(0.006) | |||
|
constant |
2.047** |
2.630** |
1.369** |
1.554** |
|
(0.008) |
(0.009) |
(0.235) |
(0.242) | |
|
R-Squared |
0.213 |
0.185 |
0.279 |
0.282 |
standard errors in parentheses; *significant at 5 percent level ** significant at 1 percent level
26
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