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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 Wirt
  (1) (2) (3) (4) (5) ( 6 )
  Not weighted Weighted
Ln Wirt-1   0.433*** 0.427***   0.519*** 0.510***
  [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
[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
  1. Notes:
  2. a Notes d and e from Table 2.
  3. 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.
  4. 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).
  5. Sources: LFS and ASHE/NES.