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Table 7 Regression analysis with state fixed effects

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

Variables 2011/2012–2004/2005 only
(1) (2) (3) (4)
OLS OLS IV IV
ΔSupply − 0.207*** − 0.230*** − 0.297***  
(0.027) (0.036) (0.057)  
ΔDemand 0.145** 0.204* 0.318***  
(0.050) (0.101) (0.096)  
Δ(Demand − Supply)     0.307***
    (0.050)
Industry effect − 0.042 0.075* 0.190 0.190
(0.046) (0.036) (0.117) (0.117)
ΔSupply = −ΔDemand (p value) 0.30 0.81 0.86  
Year FE Y N N N
State FE Y Y Y Y
Observations 448 224 224 224
R-squared 0.327 0.488 0.435 0.433
  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