Differences in employment outcomes for college town stayers and leavers

Table 2 Summary statistics

Variable	Mean	Std. Dev.	Min	Max
Employed	0.923	0.267	0	1
Log Annual Wage	10.108	0.760	2.303	12.757
Log Hourly Wage	2.622	0.556	−3.219	7.058
Log Annual Hours	7.487	0.558	2.079	8.546
% of Occupation with Bachelor's or Higher	0.504	0.278	0.014	1
Stayer	0.194	0.396	0	1
Master's Degree	0.099	0.299	0	1
Professional Degree	0.032	0.177	0	1
Doctoral Degree	0.004	0.064	0	1
Age 24	0.176	0.381	0	1
Age 25	0.236	0.425	0	1
Age 26	0.246	0.430	0	1
Age 27	0.237	0.425	0	1
Female	0.553	0.497	0	1
Black	0.042	0.201	0	1
Asian	0.015	0.123	0	1
Hispanic	0.031	0.173	0	1
Other Nonwhite	0.013	0.114	0	1
Married	0.395	0.489	0	1
Has Children	0.141	0.348	0	1

Notes: The sample includes 11,237 individuals who resided in one of 41 college towns in 1995, who were no longer in school and had earned at least a bachelor's degree by 2000, were between the ages of 23 and 27 in 2000, and were born in the U.S.