Research Article
An Empirical Test of Alternative Theories of Educational Inequality
Table 4
Fixed effects model estimates of education on industrial productivity using translog production function.
| | | TL model 1 | TL model 2 | TL model 3 |
| | Real capital | 0.2230 (0.2515) | 0.1436 (0.2304) | 0.2242 (0.2371) | | Employment | 0.6418*** (0.1207) | 0.8600*** (0.1121) | 0.7982*** (0.1249) | | Capital squared | 0.1355*** (0.0365) | 0.0999** (0.0341) | 0.0696* (0.0355) | | Labor squared | 0.5543*** (0.0466) | 0.4647*** (0.0422) | 0.4285*** (0.0444) | | Emp * capital | −0.2399*** (0.0262) | −0.2033*** (0.0242) | −0.1782*** (0.0259) | | Year | 0.0124*** (0.0007) | 0.0129*** (0.0026) | 0.0155*** (0.0031) | | Years of schooling | | −87.0753*** (20.7014) | −102.6303** (31.3719) | | Relative schooling | | 24.5696*** (6.7510) | 21.4015* (9.9690) | | Schooling squared | | 32.6942*** (7.5034) | 37.8036*** (9.7734) | | Rel. sch. squared | | 2.0907* (0.8484) | 1.3188 (1.0452) | | Schooling * rel. sch. | | −9.3522*** (2.4396) | −7.9795* (3.0930) | | Experience | | | 3.1850 (7.7602) | | Female (%) | | | −2.4514* (1.0426) | | Black (%) | | | −1.3270*** (0.2446) | | Hispanic (%) | | | 0.1179 (0.1270) | | Other race (%) | | | −0.0178 (0.0881) | | Metro (%) | | | 1.0503 (1.9101) | | Experience squared | | | −2.4411** (0.9318) | | Female squared (%) | | | 0.0039 (0.0085) | | Black squared (%) | | | 0.0021 (0.0011) | | Hispanic squared (%) | | | −0.0010 (0.0009) | | Other race squared (%) | | | 0.0002 (0.0008) | | Metro squared (%) | | | 0.1666* (0.0806) | | Experience * schooling | | | 1.7921 (2.2292) | | Female * schooling (%) | | | 0.8065** (0.2969) | | Black * schooling (%) | | | 0.4274*** (0.0778) | | Hispanic * schooling (%) | | | −0.0248 (0.0399) | | Other race * schooling (%) | | | −0.0064 (0.0269) | | Metro * schooling (%) | | | −0.4207 (0.5372) | | Experience * rel. sch. | | | −0.4121 (0.7493) | | Female * rel. sch. (%) | | | −0.2076 (0.1066) | | Black * rel. sch. (%) | | | −0.1014*** (0.0239) | | Hispanic * rel. sch. (%) | | | 0.0226 (0.0125) | | Other race * rel. sch. (%) | | | −0.0128 (0.0094) | | Metro * rel. sch. (%) | | | 0.2298 (0.2035) | | Female * experience (%) | | | 0.0949 (0.1196) | | Black * experience (%) | | | 0.0547*** (0.0139) | | Hispanic * experience (%) | | | −0.0125 (0.0111) | | Other race * experience (%) | | | 0.0103 (0.0078) | | Metro * experience (%) | | | 0.1212 (0.2425) | | Black * % female (%) | | | −0.0066* (0.0033) | | Hispanic * % female (%) | | | 0.0075** (0.0025) | | Other race * % female (%) | | | 0.0017 (0.0014) | | Metro * % female (%) | | | −0.0165 (0.0341) | | Hisp * % Black (%) | | | −0.0000 (0.0002) | | Other * % Black (%) | | | −0.0006** (0.0002) | | Metro * % Black (%) | | | −0.0034 (0.0070) | | Other * % Hisp. (%) | | | 0.0002 (0.0002) | | Metro * % Hisp. (%) | | | −0.0075* (0.0035) | | Metro * % other (%) | | | 0.0110*** (0.0031) | | Constant | 2.8603** (0.9488) | 119.1650*** (28.4682) | 129.6294* (51.3672) | | R squared | .5433796 | .6372571 | .6652987 | | Sigma u | .3304505 | .3541423 | .3691016 | | Sigma e | .1105096 | .0984968 | .0946131 | | Bic | −2014.7 | −2274.794 | −2140.266 | | N | 1262 | 1262 | 1262 |
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*
P < 0.05, **P < 0.01, ***P < 0.001.
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