Table 2 TSLS regression results of returns to education.
1960 Census | 1980 Census | |||
|---|---|---|---|---|
DV = Log weekly wages ($) | (1) 2-year cohort bandwidth | (2) 10-year cohort bandwidth | (3) 2-year cohort bandwidth | (4) 10-year cohort bandwidth |
Educational attainment (Years) | 0.073*** (0.009) | 0.082*** (0.004) | 0.073*** (0.006) | 0.075*** (0.003) |
Black (Black = 1, White = 0) | −0.273*** (0.035) | −0.227*** (0.016) | −0.229*** (0.022) | −0.236*** (0.011) |
Married (Married = 1, Otherwise = 0) | 0.343*** (0.029) | 0.360*** (0.011) | 0.349*** (0.029) | 0.377*** (0.014) |
Location of residence | ||||
Metro (Metro = 1, Rural = 0) | 0.203*** (0.024) | 0.168*** (0.011) | 0.186*** (0.021) | 0.178*** (0.010) |
Metro-suburb (Metro-suburb = 1; Rural = 0) | 0.254*** (0.024) | 0.214*** (0.012) | 0.249*** (0.018) | 0.236*** (0.009) |
Age (Years) | 1.746 (1.563) | 0.141*** (0.029) | −0.884 (1.781) | 0.025 (0.042) |
Age-squared | −0.031 (0.029) | −0.002** (0.001) | 0.010 (0.019) | −0.001 (0.001) |
First stage F-statistics | 17.71*** | 45.41*** | 45.55*** | 131.82*** |
Adjusted R-squared | .072 | .099 | 0.126 | 0.114 |
N | 4805 | 26,749 | 17,006 | 75,375 |
