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Table 4 FE-2SLS elasticity estimates, 1980–2019, pooled years

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

  Pooled FTFY FTFY Men FTFY Women Full Pooled Full Men Full Women
  (1) (2) (3) (4) (5) (6)
Relative supply \(-\)0.471\(^{***}\) \(-\)0.626\(^{***}\) \(-\)0.307\(^{***}\) \(-\)0.475\(^{***}\) \(-\)0.605\(^{***}\) \(-\)0.349\(^{***}\)
  (0.024) (0.050) (0.013) (0.022) (0.042) (0.013)
Adjusted \(R^{2}\) 0.76 0.60 0.74 0.78 0.64 0.74
  1. Dependent variable is the log of the composition adjusted college–high school wage differential. The log ratio of supplements to wages and salaries and the Freddie Mac Housing Price Index (FMHPI) is used as an instrument for relative supply. All models estimated with MSA and year fixed-effects. Estimates are weighted by inverse sampling variance. Standard errors are in parentheses. Asterisks (*), (**), and (***) denote statistical significance at the 10, 5, and 1% levels respectively