Table 4: Comparison to Hassett and Mathur (2006)
Dependent Variable: Ln(Hourly Wage Rate in US $)
|
(I)_________________________ |
(II)_________________________ |
(ill) | |
|
Ln(Corporate Tax Rate) |
-0.4336 ** |
-0.4327 ** |
-0.4978 |
|
(.200) |
(.201) |
(.797) | |
|
Ln(Openness) |
-0.3258 * |
0.0391 | |
|
(.196) |
(.205) | ||
|
Ln(Value Added per Worker) |
0.9187 *** |
0.9647 *** |
0.9263 *** |
|
(.207) |
(.23) |
(.219) | |
|
Ln(CPI) |
0.1113 *** |
0.1472 *** |
0.1766 ** |
|
(.036) |
(.044) |
(.085) | |
|
Personal Tax Rate |
0.0659 | ||
|
(.215) | |||
|
Year |
-0.0007 |
0.0055 |
-0.0084 |
|
(.010) |
(.008) |
(.012) | |
|
Low Education |
-0.6773 *** |
-0.6773 *** |
-0.6721 *** |
|
(.142) |
(.143) |
(.130) | |
|
Middle Education |
-0.3576 *** |
-0.3576 *** |
-0.3522 *** |
|
(.039) |
(.039) |
(.038) | |
|
Constant |
-5.4052 |
-18.6350 |
9.6036 |
|
(20.633) |
(15.231) |
(23.450) | |
|
R-Squared |
0.8293 |
0.7715 |
0.8368 |
|
N_______________________ |
108_________ |
__________108_________ |
___________96 |
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.
33