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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
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