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Table 2 Wage dispersion, Summary statistics.

From: The evolution of wage inequality within local U.S. labor markets

  College premium Managerial intensity Employment share Variance Residual variance
1980 41.2
(8.0)
17.6
(1.45)
22.0
(4.65)
39.1
(3.81)
21.9
(3.27)
1990 56.1
(7.0)
19.4
(1.65)
26.0
(5.83)
39.1
(3.21)
20.6
(2.18)
2000 62.3
(9.00)
20.0
(1.91)
29.0
(7.19)
42.3
(4.67)
24.7
(2.92)
2010 62.1
(8.0)
20.1
(1.88)
32.0
(7.51)
50.3
(5.72)
27.0
(3.48)
2019 63.2
(10.0)
20.8
(2.09)
34.0
(8.76)
55.3
(7.06)
29.7
(3.85)
  1. This table shows summary statistics for the MSAs in our sample regarding college educated employment. The employment share of college educated workers is similarly defined for employment: it is the ratio of all 18 to 65 years old college educated workers to all currently employed persons between 18 and 65 years old. Managerial intensity is the ratio of managerial and supervisory employees to non-supervisory employees for the private, non-farm sector. The delineation of managerial and supervisory employees were established through Census occupation codes. Lastly, the college premium is the relative real hourly wage of college educated workers to non-college educated workers. Standard deviations reported below in parentheses. All rates are multiplied by 100