| | Sub-base specification | Base specification | Base + MSA FE |
|---|
MSA unemployment rate | −0.192** | −0.207** | −0.030 |
| | (0.032) | (0.030) | (0.023) |
Occupation dummies | Yes | Yes | Yes |
Industry dummies | Yes | Yes | Yes |
Month dummies | Yes | Yes | Yes |
Year dummies | Yes | Yes | Yes |
Region dummies | No | Yes | No |
MSA size dummies | No | Yes | No |
MSA fixed effects | No | No | Yes |
R
2
| 0.017 | 0.018 | 0.019 |
N
| 1,850,757 | 1,850,757 | 1,850,757 |
- The MSA unemployment rate is a 3-month average, measured from 0 to 1. Robust standard errors, clustered on MSA, are shown in parentheses. In addition to monthly MSA unemployment rate, the base regression includes indicator variables for education (5 dummies for 6 categories), age (9), gender, marital status (2), children in household (2), foreign born (2), union member, public employment, hours on primary job (6), industry (12), occupation (16), region (8), MSA size (5), month, and year dummies. The “sub-base” specification omits location measures. The “base + MSA FE” specification adds MSA fixed effects. Excluded reference groups include those ages 18–19, high school dropouts, male, white, formerly married, native-born citizen, private sector, no children in household, weekly hours vary, and not union member. See Appendix for a full set of coefficient estimates
- **Significant at 0.01 level
