An Empirical Test of Alternative Theories of Educational Inequality

Table 3

Estimated elasticities for covariates using translog production variable of productivity.

Variable	Fixed effects models
	Translog model 1	Translog model 2	Translog model 3
Real capital	.2220	.1862	.1211
Employment	.8872	.8969	.8901
Years of schooling		.1299	−.6369
Relative schooling		.1728	.4165
Experience			−.1403
Female (%)			.0261
Black (%)			.0113
Hispanic (%)			−.0085
Other minority (%)			.0010
Metro (%)			.1065

Elasticity for a variable v is calculated as elasticity_𝑣=𝛽_𝑣+(𝛿_𝑣×𝑋_𝑣)+∑(𝛾_𝑣𝑤×𝑋_𝑤).