Table 10 Augmented log-wage regressions

Required education (years)

0.095^***

(0.0045)

0.107^***

(0.0051)

Schooling above required (years)

0.035^***

(0.0055)

0.061^***

(0.0065)

Schooling below required (years)

−0.065^***

(0.0070)

-0.076^***

(0.0074)

Black

0.008

(0.0252)

0.004

(0.0255)

Hispanic

0.043

(0.0339)

0.047

(0.0338)

Female

−0.153^***

(0.0148)

−0.146^***

(0.0147)

Born in the USA

−0.049

(0.0389)

−0.050

(0.0388)

AFQT^a

0.110^***

(0.0126)

0.112^***

(0.0128)

Rotter Scale in 1979

−0.004

(0.0029)

−0.004

(0.0029)

Sociability in 1985

0.006

(0.0104)

0.005

(0.0104)

GED (no HS diploma)

0.001

(0.0256)

−0.010

(0.0254)

Northeast

0.096^***

(0.0191)

0.100^***

(0.0189)

South

−0.027

(0.0167)

−0.022

(0.0167)

West

0.069^***

(0.0213)

0.076^***

(0.0213)

Unemployment rate

0.001

(0.0032)

−0.000

(0.0032)

HH in SMSA

0.129^***

(0.0186)

0.130^***

(0.0187)

Tenure (1000 weeks)

0.249^***

(0.0355)

0.262^***

(0.0352)

Work experience (1000 h)

0.035^***

(0.0030)

0.036^***

(0.0030)

Work experience² (1000 h)

−0.008^***

(0.0010)

−0.008^***

(0.0010)

Number of jobs

−0.059^***

(0.0069)

−0.058^***

(0.0069)

Total unemp. (weeks)

−0.001^***

(0.0002)

Occupational hazards

0.045^***

(0.0066)

0.044^***

(0.0066)

Constant

1.063^***

(0.1024)

0.989^***

(0.1060)

Unemployed (t−1)

−0.077^***

(0.0239)

Unemployed (t−2)

−0.029

(0.0183)

Unemployed (t−3)

−0.002

(0.0158)

Unemployed (t−4)

−0.038^*

(0.0219)

Overeducated (t−1)

−0.042^***

(0.0130)

Overeducated (t−2)

−0.038^***

(0.0105)

Overeducated (t−3)

−0.035^***

(0.0113)

Overeducated (t−4)

−0.021^*

(0.0127)

Overeducated (t−1), spell ongoing

0.016

(0.0187)

Overeducated (t−2), spell ongoing

0.016

(0.0287)

Overeducated (t−3), spell ongoing

0.017

(0.0385)

Overeducated (t−4), spell ongoing

−0.009

(0.0584)

Adjusted R ²

0.374

0.375

F

113.4

80.4

Observations

12,775

12,775