Table 16 Jinshi density effects on fringe benefits (Public Service and Facilities).

From: Long-term impacts of historical education policy on wages in China: insights on over-education

 

(1)

(2)

(3)

(4)

(5)

(6)

Dependent Variable:

ln (Hospital+1)

ln (doctor density+1)

ln (cinema density+1)

ln (road density+1)

ln (bus density+1)

ln (book density+1)

Panel A: OLS

      

Jinshi density in Ming-Qing(logged)

0.110 (0.070)

0.130*** (0.034)

0.006 (0.005)

0.264*** (0.091)

0.330** (0.127)

0.400*** (0.079)

R2

0.406

0.672

0.336

0.746

0.676

0.668

Panel B: 2SLS

      

Jinshi density in Ming-Qing(logged)

0.290* (0.150)

0.163* (0.085)

0.021* (0.012)

0.303* (0.183)

0.524* (0.282)

0.493*** (0.110)

Observations

243

243

243

243

243

243

KP-F statistics

98.969

98.969

98.969

98.969

102.030

98.969

Cluster

Province

Province

Province

Province

Province

Province

Controls

Yes

Yes

Yes

Yes

Yes

Yes

Provincial fixed effects

Yes

Yes

Yes

Yes

Yes

Yes

Industrial fixed effects

Yes

Yes

Yes

Yes

Yes

Yes

  1. Each column in each Panel represents a separate cross-sectional regression, with the endogeneity issue uncorrected in Panel A and corrected in Panel B. In Columns (1) - (6), we provide estimates of Jinshi’s effects on hospital density, doctor density, cinema density, road density, bus density, and book density, respectively. Covariates include rainfall and air pollution, nightlight in 2004, population density in Ming-Qing, the urbanization rate in Ming-Qing, distance to coast, agricultural sustainability, and terrain ruggedness. All OLS regressions are clustered at the firm level. These estimated Jinshi density effects can be interpreted as the percentage changes in wages per worker with a percent change in Jinshi density. The KP F-statistic provided in Panel B is the Kleibergen-Paap Wald rk F-statistic for weak identification in the first stage (Kleibergen and Paap, 2006). ***denotes significant at 1% level, **denotes significant at 5% level, *denotes significant at 10% level.