Table 5: The Effect of the Corporate Tax Rate Interacted
_____with Openness on Ln(Annual Gross Wage)_____
|
(I)_________________________ |
(II)________________________ |
(III) | |
|
Marginal Corporate Tax Rate |
-0.7136 ** |
-1.1317 ** |
-1.2308 ** |
|
(.364) |
(.518) |
(.500) | |
|
Openness |
-1.3769 *** |
-1.0543 ** |
-1.2622 *** |
|
(.384) |
(.461) |
(.295) | |
|
(Open-mean open)*Corp. Tax |
2.6970 ** |
2.4013 * |
0.3481 |
|
(1.06) |
(1.381) |
(1.10) | |
|
Low Education |
-0.7421 *** |
-0.6915 *** |
-0.8007 *** |
|
(.164) |
(.196) |
(.160) | |
|
Middle Education |
-0.3398 *** |
-0.2935 *** |
-0.3273 *** |
|
(.039) |
(.051) |
(.038) | |
|
Age |
-0.0915 |
0.1040 |
-0.2033 |
|
(.397) |
(.440) |
(.358) | |
|
Age-Squared |
0.0018 |
-0.0006 |
0.0035 |
|
(.005) |
(.006) |
(.005) | |
|
Male |
0.1072 |
-0.2515 |
0.0417 |
|
(.192) |
(.272) |
(.248) | |
|
Ln(GDP per Capita) |
0.9894 *** |
0.6137 *** | |
|
(.107) |
(.126) | ||
|
Personal Tax Rate |
0.4993 | ||
|
(.4078) | |||
|
Year |
-0.0177 *** |
-0.0207 *** |
0.0069 |
|
(.004) |
(.005) |
(.005) | |
|
Constant |
37.8650 *** |
43.6425 *** |
0.1608 |
|
(12.105) |
(14.277) |
(13.952) | |
|
R-Squared |
0.7707 |
0.7877 |
0.0407 |
|
N________________________ |
_______195_________ |
__________159_________ |
__________195 |
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.
34