Table 5

Wage Equation Estimates

Panel A
Bartik Measures of Birth State Labor Market Conditions
Normalized LMC MeasureBartikBartik5yrEd_bartikEd_bartik5yr
LMC main effect0.021
(0.013)		0.038***
(0.006)		0.010
(0.007)		0.019***
(0.005)
Dropout−0.161***
(0.010)		−0.164***
(0.011)		−0.162***
(0.010)		−0.171***
(0.010)
Some college0.130***
(0.010)		0.104***
(0.010)		0.124***
(0.010)		0.110***
(0.010)
College graduate0.418***
(0.009)		0.380***
(0.009)		0.405***
(0.010)		0.407***
(0.009)
DO × LMC−0.007
(0.010)		−0.002
(0.007)		−0.006
(0.006)		−0.011*
(0.005)
SC × LMC−0.020**
(0.007)		−0.019***
(0.004)		−0.004
(0.005)		−0.011**
(0.004)
CG × LMC−0.018
(0.010)		−0.034***
(0.005)		0.008
(0.007)		0.002
(0.005)
R-squared0.2010.2010.2010.201
N1.60E + 061.60E + 061.60E + 061.60E + 06
Panel B
Unemployment Rate Measures of Birth State Labor Market Conditions
Normalized LMC MeasureURUR5yrEd_UREd_UR5yr
LMC main effect−0.055***
(0.004)		−0.059***
(0.003)		−0.037***
(0.004)		−0.050***
(0.005)
Dropout−0.166***
(0.009)		−0.166***
(0.010)		−0.135***
(0.015)		−0.204***
(0.016)
Some college0.133***
(0.010)		0.136***
(0.010)		0.118***
(0.014)		0.081***
(0.017)
College graduate0.427***
(0.012)		0.431***
(0.012)		0.527***
(0.011)		0.512***
(0.012)
DO × LMC0.007
(0.003)		0.005
(0.004)		−0.006
(0.006)		−0.004
(0.007)
SC × LMC0.014***
(0.002)		0.015***
(0.002)		−0.006
(0.005)		−0.020**
(0.006)
CG × LMC0.030***
(0.003)		0.033***
(0.003)		0.019***
(0.005)		0.021***
(0.005)
R-squared0.2030.2030.2340.234
N1.60E + 061.60E + 061.00E+ 061.00E + 06

  • Notes: Dependent variable is log hourly wages. Data are taken from IPUMS versions of U.S. Census 5 percent samples for 1980, 1990, and 2000. Sample is noninstitutionalized U.S. natives with 5–8 years of potential labor market experience and positive wages in the previous year.