Passing the burden: corporate tax incidence in open economies

Table 10: The Impact of the Average Corporate Tax Rate on the Returns to Education

	Return to Middle Education________	Return to High Education________	Overall Return to Education
Average Corporate Tax Rate	-0.3122 (.226)	-0.4451 * (.253)	-0.2704 ** (.137)
Openness	0.0499 (.0434)	-0.0151 (.0896)	-0.0031 (.038)
(Openness - Mean Open)*Corp. Tax Rate	-0.2000 (.3113)	0.1153 (.550)	-0.0408 (.267)
Ln(GDP per Capita)	-0.4327 *** (.093)	-0.6051 *** (.112)	-0.3181 *** (.0633)
Year	0.0063 *** (.002)	0.0089 * (.005)	0.0050 ** (.002)
Constant	-7.9989 ** (3.775)	-11.2765 (8.602)	-6.5895 * (3.922)
R-Squared N_______________________________	0.8782 _______38_______	0.8784 ___________38	0.8863 ___________38

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.