Table 7: The Effects of the Marginal Corporate Tax Rate, Openness, and Their Interaction
_____on Gross Wages by Education: Dependent Variable: Ln(Annual Gross Wage)_____
|
Low Education |
Middle Education |
High Education | |
|
Marginal Corporate Tax Rate |
-0.9128 ** (.456) |
-0.267 (.393) |
-0.2206 (.349) |
|
Openness |
-1.1983 *** (.387) |
-1.1563 *** |
-1.269 *** |
|
(Openness- mean open)*Corp Tax |
2.0026 * |
2.463 *** (.957) |
2.6537 ** (1.139) |
|
Age |
0.5814 |
0.5218 |
0.6236 |
|
Age-Squared |
-0.0068 (.008) |
-0.0077 (.007) |
-0.0085 (.005) |
|
Male |
0.4785 (.3896) |
0.3035 |
0.8928 *** |
|
GDP per Capita |
1.0908 *** |
1.1114 *** |
0.9977 *** |
|
Year |
-0.0218 *** |
-0.0117 ** |
0.0043 |
|
Constant |
31.613 ** (12.484) |
14.9796 (15.293) |
-18.561 (18.39) |
|
R-Squared |
0.7602 |
0.8447 |
0.7864 |
|
N__________________________ |
_______65________ |
___________65_________ |
__________65 |
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.
37
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