Is it worth it? Postsecondary education and labor market outcomes for the disadvantaged

Backes, Ben; Holzer, Harry J; Velez, Erin Dunlop

doi:10.1186/s40173-014-0027-0

Table 7 Regression results for log quarterly earnings by demographic and fcat groups

From: Is it worth it? Postsecondary education and labor market outcomes for the disadvantaged

	Gender		FRL		FCAT
	Male	Female	No	Yes	Top half	Bottom half
Highest credential
No HS	−0.12***	−0.19***	−0.14***	−0.16***	−0.11***	−0.15***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.01)	(0.00)
Voc_Cert	0.35***	0.23***	0.29***	0.35***	0.24***	0.34***
	(0.01)	(0.02)	(0.01)	(0.02)	(0.02)	(0.01)
AA	0.29***	0.35***	0.31***	0.40***	0.25***	0.42***
	(0.01)	(0.01)	(0.01)	(0.02)	(0.01)	(0.01)
BA	0.64***	0.57***	0.59***	0.68***	0.51***	0.69***
	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)
MA_PhD	1.03***	0.81***	0.86***	1.01***	0.80***	0.96***
	(0.02)	(0.02)	(0.01)	(0.04)	(0.02)	(0.03)
Work experience	0.02***	0.02***	0.02***	0.02***	0.02***	0.02***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)
Work experience²	−0.00***	−0.00***	−0.00***	−0.00***	−0.00***	−0.00***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)
Tenure	0.08***	0.07***	0.07***	0.08***	0.06***	0.08***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)
Tenure²	−0.00***	−0.00***	−0.00***	−0.00***	−0.00***	−0.00***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)
FCAT	0.05***	0.09***	0.07***	0.07***	0.13***	0.07***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.02)	(0.02)
FRL	−0.06***	−0.09***			−0.06***	−0.07***
	(0.00)	(0.00)			(0.01)	(0.00)
Female			−0.15***	−0.15***	−0.13***	−0.15***
			(0.00)	(0.00)	(0.00)	(0.00)
Black	−0.17***	−0.03***	−0.13***	−0.08***	−0.07***	−0.12***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.01)	(0.00)
Hispanic	0.11***	0.21***	0.11***	0.20***	0.13***	0.16***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.01)	(0.00)
Asian	0.03**	0.13***	0.05***	0.13***	0.07***	0.07***
	(0.01)	(0.02)	(0.01)	(0.02)	(0.02)	(0.01)
Other	−0.14***	−0.00	−0.10***	−0.05**	−0.03	−0.10***
	(0.02)	(0.02)	(0.02)	(0.02)	(0.03)	(0.02)
Observations	2,096,183	1,656,973	2,196,457	1,556,699	1,052,977	2,700,179
R-squared	0.35	0.37	0.36	0.33	0.35	0.33

Notes: ***p < 0.01, **p < 0.05, *p < 0.1. The dependent variable is ln(quarterly earnings). Robust standard errors are in parentheses. FCAT scores are standardized to mean 1, standard deviation 0. Quadratic and cubic FCAT terms are estimated but not reported.

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