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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