Wage discrimination over the business cycle

Table 4 CPS-MORG, all workers 1980–2009, accounting for industry cyclicality, trimmed estimates*

	Nonhispanic Whites, females relative to males	Nonblack Hispanics (relative to Nonhispanic Whites)	Blacks (relative to Nonhispanic Whites)
M	-0.0700	-0.1980
	(0.0018)	(0.0033)	(0.0027)
M × Married	-0.1507
	(0.0011)
M × U	-0.9221	0.0995	0.3869
	(0.0255)	(0.0524)	(0.0399)
ΔH	0.0533	0.0796	0.0694
	(0.0120)	(0.0096)	(0.0096)
ΔH*U	-2.022	-2.306	-2.215
	(0.159)	(0.127)	(0.127)
ΔH*M	0.0336	0.4534	-0.0650
	(0.0181)	(0.0367)	(0.0288)
ΔHMU	0.523	-3.695	1.077
	(0.248)	(0.536)	(0.389)
Adj. R²	0.700	0.689	0.693
∂²W/∂M∂U	-0.9139	0.0443	0.4036
	(0.0255)	(0.0532)	(0.0399)
∂²W/∂M∂ΔH	0.0655	0.2279	0.0008
	(0.0062)	(0.0103)	(0.0095)

* Includes the state and year fixed effects and the same variables as in Table 1. Trimmed to exclude observations with an absolute annual change in industry employment ≥ 50 percent.