Table 3 TSLS regression results of returns to education, by race.
1960 Census | 1980 Census | |||
|---|---|---|---|---|
DV = Log weekly wages ($) | (1) Whites only | (2) Blacks only | (3) Whites only | (4) Blacks only |
Educational attainment (Years) | 0.084*** (0.004) | 0.038*** (0.010) | 0.076*** (0.003) | 0.063*** (0.008) |
Married (Married = 1, Otherwise = 0) | 0.379*** (0.014) | 0.265*** (0.027) | 0.403*** (0.016) | 0.310*** (0.029) |
Location of residence | ||||
Metro (Metro = 1, Rural = 0) | 0.126*** (0.012) | 0.435*** (0.031) | 0.167*** (0.011) | 0.274*** (0.030) |
Metro-suburb (Metro-suburb = 1; Rural = 0) | 0.192*** (0.012) | 0.412*** (0.037) | 0.237*** (0.009) | 0.301*** (0.033) |
Age (Years) | 0.126*** (0.032) | 0.180* (0.075) | 0.006 (0.045) | 0.111 (0.114) |
Age-squared | −0.001 (0.001) | −0.002 (0.001) | 0.001 (0.001) | −0.001 (0.001) |
First stage F-statistics | 61.70*** | 17.69*** | 204.65*** | 56.26*** |
Adjusted R-squared | 0.070 | 0.089 | 0.081 | 0.099 |
N | 22,619 | 4130 | 63,097 | 12,278 |
