Table 3 The Impact of Immigration on Wages, Dynamic Model (Eq. 7)

From: The impact of EU and Non-EU immigration on British wages

Dependent Variable, Ln W_irt
	(1)	(2)	(3)	(4)	(5)	( 6 )
	Not weighted			Weighted
Ln W_irt-1		0.433***	0.427***		0.519***	0.510***
Ln W_irt-1		[0.012]	[0.013]		[0.012]	[0.012]
(Immigrant/native ratio)_irt-1	-0.023***	-0.014**	-0.010	-0.034***	-0.010***	-0.003
(Immigrant/native ratio)_irt-1	[0.008]	[0.007]	[0.009]	[0.007]	[0.006]	[0.009]
(Immigrant/native ratio)_irt-2			-0.005			-0.015**
			[0.010]			[0.009]
Unemployment rate _irt-1	0.067*	0.013	0.001	0.048	0.048	0.035
	[0.036]	[0.032]	[0.033]	[0.032]	[0.032]	[0.034]
Unemployment rate _irt-2			0.039			0.047
			[0.033]			[0.034]
Sample Size	6,468	6,449	6,133	6,468	6,449	6,133
Adjusted R²	0.993	0.995	0.995	0.996	0.997	0.997

Notes:
^a Notes d and e from Table 2.
^b Equations in column (1), (2) ad (3) are estimated using OLS. Columns (4), (5) and (6) are also estimated using OLS and by weighting each cell by employment.
^c With 25 time periods, the standard bias on the lagged dependent variable coefficients when estimating fixed effects models is small, so we ignore this problem (see Nickell, 1981).
Sources: LFS and ASHE/NES.

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