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Table 9 Duration models (first overeducation spell)

From: The career prospects of overeducated Americans

  (1) (2) (3)
  MPH PH MPH PH MPH PH
α 1.031 (0.0437) 0.835*** (0.0262) 0.987 (0.0440) 0.821*** (0.0261) 1.114*** (0.0400) 0.767*** (0.0261)
P(V 1) 0.291*** (0.0803)    0.218*** (0.0779)    0.473*** (0.0449)   
P(V 2) 0.709*** (0.0803)    0.782*** (0.0779)    0.527*** (0.0449)   
V 1 0.154*** (0.0547)    0.094*** (0.0665)    0.142*** (0.0218)   
V 2 1.346*** (0.1191)    1.253** (0.1054)    1.770*** (0.1286)   
Constant −3.432*** (0.3471) −3.090*** (0.2325) −3.020*** (0.2614) −2.720*** (0.2041) −4.081*** (0.1205) −3.339*** (0.0880)
Black −0.313* (0.1795) −0.265** (0.1344) −0.288 (0.1793) −0.287** (0.1265)     
Hispanic 0.134 (0.2826) 0.015 (0.1665) 0.259 (0.3585) 0.015 (0.1610)     
Female 0.000 (0.0931) −0.177*** (0.0664) 0.101 (0.0928) −0.078 (0.0632)     
Born in the USA −0.293 (0.3001) −0.150 (0.1884) −0.317 (0.2789) −0.198 (0.1869)     
AFQTa 0.150*** (0.0552) 0.101*** (0.0390) 0.150*** (0.0542) 0.104*** (0.0370)     
Rotter Scale in 1979a 0.025 (0.0430) 0.026 (0.0325) 0.015 (0.0417) 0.022 (0.0319)     
Sociability in 1985a −0.026 (0.0564) 0.010 (0.0319) −0.012 (0.0415) 0.019 (0.0321)     
14 years of edu. −0.729*** (0.1134) −0.585*** (0.0769) −0.826*** (0.0977) −0.691*** (0.0739)     
18 years of edu. −1.707*** (0.1400) −1.388*** (0.0969) −1.559*** (0.1265) −1.290*** (0.0951)     
GED (no HS diploma) 0.255 (0.3738) 0.152 (0.2489) 0.209 (0.3350) 0.101 (0.2462)     
Northeast 0.033 (0.1343) −0.003 (0.0943)         
South 0.349*** (0.1198) 0.224*** (0.0822)         
West 0.035 (0.1128) 0.004 (0.1012)         
Unemployment ratea −0.075 (0.0539) −0.067* (0.0368)         
HH in SMSA 0.088 (0.1383) 0.101 (0.1087)         
Tenure (1000 weeks) −0.241 (0.4952) −0.018 (0.3710)         
Work experience (1000 h)a −0.048 (0.0668) −0.030 (0.0519)         
Work experience2 (1000 h)a −0.035 (0.0494) −0.017 (0.0305)         
Number of jobsa −0.025 (0.0467) 0.016 (0.0333)         
Total unemp. (weeks)a −0.167** (0.0654) −0.134*** (0.0467)         
Occupational hazards −0.208*** (0.0636) −0.192*** (0.0465)         
LL   5321.4   5348.0   5344.5   5374.3   5442.3   5500.7
Observations   1648   1648   1648   1648   1648   1648
  1. Model also includes controls for age, mother and father’s education level in 1979, a dummy for living with both parents in 1979, and a dummy for living in an urban area at the time of interview
  2. Models estimated on the first overeducation spells of individuals with at least one overeducation spell
  3. Unemployment rate (by region) corresponds to the annual unemployment rate for each Census region (BLS Local Area Unemployment Statistics data)
  4. Standard errors in parentheses
  5. aValues converted to Z-scores
  6. * p<0.10, ** p<0.05, *** p<0.01