Table 2: Independent variable is Log of Hourly Wage Rate (Panel Analysis)
|
2A |
2B |
2C |
2D | |
|
Regression Model |
Random |
Fixed |
Random |
Fixed |
|
Time Period |
1979-1994 |
1979-1994 |
1994-2002 |
1994-2002 |
|
Number of Observations |
96300 |
96300 |
32067 |
32067 |
|
General Intelligence |
0.042** |
0.050** | ||
|
(0.003) |
(0.005) | |||
|
Black |
-0.012 |
-0.034* | ||
|
(0.010) |
(0.016) | |||
|
Black*test |
0.014** |
0.015** | ||
|
(0.004) |
(0.006) | |||
|
Hispanic |
0.063** |
0.056** | ||
|
(0.010) |
(0.016) | |||
|
Hispanic*test |
-0.015** |
-0.008 | ||
|
(0.004) |
(0.006) | |||
|
Male |
0.224** |
0.228** | ||
|
(0.007) |
(0.011) | |||
|
Male*test |
-0.013** |
-0.001 | ||
|
(0.003) |
(0.004) | |||
|
Education |
0.105** |
0.091** |
0.100** |
0.048** |
|
(0.002) |
(0.003) |
(0.003) |
(0.009) | |
|
Job Tenure |
0.060** |
0.049** |
0.034** |
0.022** |
|
(0.001) |
(0.002) |
(0.002) |
(0.002) | |
|
Job Tenure2 |
-0.003** |
-0.002** |
-0.001** |
-0.001** |
|
(1.2E-04) |
(1.3E-04) |
(1.0E-04) |
(1.1E-04) | |
|
Labor Market Exp |
0.086** |
0.095** |
0.046** |
0.073** |
|
(0.001) |
(0.001) |
(0.004) |
(0.005) | |
|
Labor Market Exp2 |
-0.002** |
-0.002** |
-4.5E-04** |
-0.001** |
|
(6.9E-05) |
(7.1E-05) |
(1.2E-04) |
(1.3E-04) | |
|
Married |
0.040** |
0.029** |
0.051** |
0.012 |
|
(0.004) |
(0.005) |
(0.008) |
(0.011) | |
|
Children |
-0.018** |
-0.015** |
0.003 |
4.8E-04 |
|
(0.002) |
(0.003) |
(0.004) |
(0.005) | |
|
Urban |
0.087** |
0.059** |
0.030** |
0.006 |
|
(0.006) |
(0.007) |
(0.007) |
(0.008) | |
|
Local Unemployment |
-0.010** |
-0.005** |
-0.007** |
-0.003* |
|
(0.001) |
(0.001) |
(0.001) |
(0.001) | |
|
Constant |
-0.182** |
0.083* |
0.239** |
0.803** |
|
(0.023) |
(0.042) |
(0.058) |
(0.114) | |
|
R-Squared |
0.355 |
0.284 |
0.280 |
0.067 |
standard errors in parentheses; *significant at 5 percent level
** significant at 1 percent level
27
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