Table 3: The Effect of Corporate Tax Rates and Openness
on Ln(Annual Gross Wage)
|
(I)_________________________ |
(II)______________________ |
(III) | |
|
Marg. Corporate Tax Rate |
-0.5499 |
-0.5027 |
-0.7063 |
|
(.763) |
(.677) |
(.674) | |
|
Openness |
-0.4777 *** |
-0.2314 *** | |
|
(.133) |
(.083) | ||
|
Low Education |
-0.7169 *** |
-0.7260 *** |
-0.6550 *** |
|
(.160) |
(.163) |
(.179) | |
|
Middle Education |
-0.3399 *** |
-0.3342 *** |
-0.2882 *** |
|
(.032) |
(.033) |
(.044) | |
|
Age |
0.0324 |
0.0389 |
0.2325 |
|
(.337) |
(.339) |
(.365) | |
|
Age-Squared |
0.0001 |
0.0001 |
-0.0023 |
|
(.004) |
(.004) |
(.0048) | |
|
Male |
0.2240 |
0.1642 |
-0.2073 |
|
(.173) |
(.196) |
(.264) | |
|
Ln(GDP per Capita) |
0.9570 *** |
0.9330 *** |
0.5510 *** |
|
(.122) |
(.114) |
(.123) | |
|
Personal Tax Rate |
0.7357 * | ||
|
(.452) | |||
|
Year |
-0.0200 *** |
-0.0139 *** |
-0.0170 *** |
|
(.004) |
(.004) |
(.005) | |
|
Constant |
39.6338 *** |
27.9270 *** |
33.7570 *** |
|
(10.422) |
(9.707) |
(10.37) | |
|
R-Squared |
0.8307 |
0.7292 |
0.7668 |
|
N____________________ |
195_________ |
__________195_________ |
__________159 |
Notes: All regressions include random effects and standard errors are clustered at
the country level. *, **, and *** indicate statistical significance at the 10%, 5% and 1%
level, respectively.
32