Immigration and wages: new evidence from the African American Great Migration

Table 14 Race-specific estimates of σ _r

Notes: The estimating equation is \(\log w_{exrt}=\lambda _{exr}+\lambda _{ert}+\lambda _{ext}-{\sigma _{w}^{1}}\log L_{exrt}-(\sigma _{b}^{-1}-\sigma _{w}^{-1})1_{r=b}\log L_{exrt}+u_{exrt}\). Immig. component refers to the immigrant component of labor supply and National stock refers to the labor supply among all Southern-born workers (including those living in the North). Standard errors for the estimates of σ _i, σ _r, and σ _x are clustered by education-experience group (or race-education-experience groups for models that pool both races). All regressions are weighted by the number of observations used to construct the dependent variable