Differential effects of graduating during a recession across gender and race

Table 4 Correlation with unemployment rates at entry or age 18 and options upon graduation

Dependent var.	U at	White men	Black men	White women	Black women
(1) Years of schooling	Actual entry	0.024 [0.027]	−0.009 [0.033]	0.059 [0.026]**	0.062 [0.030]**
	Age 18	0.047 [0.045]	0.027 [0.047]	−0.006 [0.039]	0.008 [0.040]
(2) Having a college degree (AA, BA, BS)	Age 18	0.013 [0.009]	0.007 [0.009]	−0.003 [0.009]	−0.006 [0.009]
(3) Actual entry is later than predicted entry	Predicted entry	0.011 [0.014]	0.009 [0.014]	0.013 [0.014]	0.021 [0.015]
(4) Having changed state of residence	Actual entry	−0.003 [0.006]	0.004 [0.007]	−0.004 [0.005]	−0.002 [0.006]

Note: OLS regressions (the linear probability model for rows (2)–(4)). The regressions on the unemployment rate at actual entry include dummies for year of entry and state of residence at entry. The regressions on the unemployment rate at age 18 include dummies for year of birth and state of residence at age 14. The regression on the unemployment rate at predicted entry includes dummies for year of predicted entry and state of residence at age 14. Standard errors are in brackets, clustered by the relevant pair of the year and the state. ** indicates statistically significant at the 5% level