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Table 3 Regression analysis

From: Changing wage structure in India in the post-reform era: 1993–2011

Variables

2004/2005–2011/2012 only

(1)

(2)

(3)

(4)

OLS

OLS

IV

IV

ΔSupply

− 0.218***

− 0.262***

− 0.294***

 

(0.031)

(0.037)

(0.039)

 

ΔDemand

0.120**

0.137

0.335***

 

(0.054)

(0.112)

(0.091)

 

Δ(Demand − Supply)

   

0.312***

   

(0.042)

Industry effect

− 0.011

0.054

0.028

0.031

(0.047)

(0.054)

(0.138)

(0.131)

ΔSupply = −ΔDemand (p value)

0.18

0.35

0.71

 

Year FE

Y

N

N

N

Observations

448

224

224

224

R-squared

0.132

0.251

0.196

0.202

  1. Notes: Robust standard errors in parentheses clustered on state (***p < 0.01, **p < 0.05, *p < 0.1). Dependent variable in all regression is mean log wage change of demographic group in state
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