Table 4 Regression models for the college/noncollege log wage gap
(1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
College/noncollege relative supply | -0.678 | -0.683 | -0.713 | -0.481 | -0.378 |
0.129 | 0.144 | 0.127 | 0.091 | 0.098 | |
Log real minimum wage | -0.610 | -0.211 | |||
0.400 | 0.246 | ||||
Natural unemployment rate | -0.038 | -0.043 | |||
0.006 | 0.007 | ||||
Time | 0.052 | 0.052 | 0.059 | 0.043 | 0.045 |
0.008 | 0.009 | 0.010 | 0.006 | 0.006 | |
Time*1995 | 0.001 | -0.004 | |||
0.003 | 0.001 | ||||
Constant | -1.109 | -1.116 | 1.044 | -0.409 | 0.632 |
0.349 | 0.381 | 1.450 | 0.258 | 0.869 | |
No. of observations | 24 | 24 | 24 | 24 | 24 |
R 2 | 0.777 | 0.777 | 0.800 | 0.911 | 0.937 |