Table 7 The effect of the unemployment rate at entry on employment

From: Differential effects of graduating during a recession across gender and race

	OLS		IV
	Men	Women	Men	Women
U at entry
White exp = 1–3	0.000 [0.005]	0.009 [0.004]*	−0.002 [0.011]	0.003 [0.012]
White exp = 4–6	0.000 [0.004]	0.002 [0.004]	0.002 [0.007]	0.004 [0.009]
White exp = 7–9	0.003 [0.004]	0.005 [0.005]	0.006 [0.007]	0.007 [0.009]
White exp = 10–12	0.004 [0.004]	0.005 [0.005]	0.001 [0.008]	0.008 [0.010]
Black exp = 1–3	0.002 [0.007]	0.001 [0.007]	−0.003 [0.017]	0.033 [0.022]
Black exp = 4–6	0.005 [0.006]	−0.001 [0.007]	0.005 [0.013]	0.010 [0.015]
Black exp = 7–9	0.010 [0.006]	0.005 [0.006]	0.003 [0.014]	−0.003 [0.016]
Black exp = 10–12	0.012 [0.006]*	0.011 [0.007]	−0.008 [0.015]	−0.011 [0.016]
Highest grade completed	0.023 [0.002]***	0.045 [0.003]***	0.023 [0.003]***	0.047 [0.003]***
Age adjusted AFQT score	0.035 [0.006]***	0.043 [0.008]***	0.037 [0.006]***	0.051 [0.008]***
Observations	25,688	31,460	24,992	30,430
R-squared	0.13	0.13	0.13	0.13

Notes: The dependent variable takes one if the respondent is employed. Linear probability model with the same right hand side variables as the OLS regressions in Table 6; see notes for Table 6 *** and * indicate statistically significant at the 1% and 10% level, respectively

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