Table 3: Independent variable is Log of Hourly Wage Rate (Hausman-Taylor Analysis)
|
3A |
3B |
3C |
3D |
3E | |
|
Regression Model |
HT |
HT |
HT |
HT |
HT |
|
Time Period |
1979-1994 |
1994-2002 |
1979-1994 |
1994-2002 |
1979-1994 |
|
Number of Observations |
96300 |
32067 |
96300 |
32067 |
81544 |
|
Time-Invariant Endogenous | |||||
|
General Intelligence |
0.277** |
0.275** |
0.243** |
0.243 |
0.265* |
|
(0.094) |
(0.133) |
(0.088) |
(0.134) |
(0.109) | |
|
Black*test |
-0.247 |
0.153 |
-0.181 |
0.197 |
-0.163 |
|
(0.291) |
(0.236) |
(0.271) |
(0.236) |
(0.233) | |
|
Hispanic*test |
-0.137 |
-0.125 |
-0.057 |
-0.101 |
-0.108 |
|
(0.081) |
(0.101) |
(0.076) |
(0.105) |
(0.105) | |
|
Male*test |
-0.073 |
0.065 |
-0.068 |
0.093 |
-0.051 |
|
(0.059) |
(0.108) |
(0.055) |
(0.108) |
(0.068) | |
|
Time-Invariant Exogenous | |||||
|
Black |
0.077 |
0.921** |
0.499 |
1.398** |
0.636** |
|
(0.337) |
(0.200) |
(0.332) |
(0.336) |
(0.241) | |
|
Hispanic |
0.343** |
0.429** |
0.921** |
0.588* |
0.952** |
|
(0.106) |
(0.125) |
(0.140) |
(0.279) |
(0.141) | |
|
Male |
0.153** |
0.106** |
0.096 |
0.470* |
0.074 |
|
(0.036) |
(0.044) |
(0.085) |
(0.218) |
(0.094) | |
|
Time-Variant Endogenous | |||||
|
Education |
0.091** |
0.053** |
0.105** |
0.077** |
0.106** |
|
(0.003) |
(0.007) |
(0.005) |
(0.013) |
(0.005) | |
|
Black*edu |
-0.031** |
-0.034 |
-0.032** | ||
|
(0.008) |
(0.019) |
(0.008) | |||
|
Hispanic*edu |
-0.046** |
-0.013 |
-0.047** | ||
|
(0.008) |
(0.020) |
(0.008) | |||
|
Male*edu |
0.005 |
-0.027 |
0.005 | ||
|
(0.006) |
(0.016) |
(0.007) | |||
|
Time-Variant Exogenous | |||||
|
Job Tenure |
0.050** |
0.023** |
0.050** |
0.023** |
0.050** |
|
(0.001) |
(0.002) |
(0.001) |
(0.002) |
(0.002) | |
|
Job Tenure2 |
-0.002** |
-0.001** |
-0.002** |
-0.001** |
-0.002** |
|
(1.21E-04) |
(9.96E-05) |
(-1.21E-04) |
(-9.99E-05) |
(-1.27E-04) | |
|
Labor Market Exp |
0.095** |
0.073** |
0.095** |
0.073** |
0.093** |
|
(0.001) |
(0.004) |
(0.001) |
(0.004) |
(0.001) | |
|
Labor Market Exp2 |
-0.002** |
-0.001** |
-0.002** |
-0.001** |
-0.002** |
|
(6.81E-05) |
(1.24E-04) |
(-6.82E-05) |
(-1.24E-04) |
(-7.27E-05) | |
|
Married |
0.028** |
0.005 |
0.027** |
0.005 |
0.030** |
|
(0.004) |
(0.010) |
(0.004) |
(0.010) |
(0.005) | |
|
Children |
-0.014** |
-0.001 |
-0.014** |
-0.001 |
-0.013** |
|
(0.002) |
(0.005) |
(0.002) |
(0.005) |
(0.003) | |
|
Urban |
0.060** |
0.005 |
0.060** |
0.005 |
0.066** |
|
(0.007) |
(0.008) |
(0.007) |
(0.008) |
(0.008) | |
|
Local Unemployment |
-0.005** |
-0.003** |
-0.005** |
-0.003** |
-0.005** |
|
(0.001) |
(0.001) |
(0.001) |
(0.001) |
(0.001) | |
|
Constant |
-0.203** |
0.406** |
-0.351** |
0.094 |
-0.389** |
|
(0.066) |
(0.114) |
(0.079) |
(0.181) |
(0.093) | |
standard errors in parentheses; *significant at 5 percent level ** significant at 1 percent level
28