Table A.4:

The Long-Run Effects of the 1980–1982 Recession on Education, Reduced-Form and OLS Estimates

	Dependent variable:
	HS/GED attainment	Any college attendance	Any college degree attainment	Four-year college degree attainment	Two-year college degree attainment	Years of schooling
	(1)	(2)	(3)	(4)	(5)	(6)
Panel A. Reduced-Form Estimates
Interaction between 1979–1982 predicted log employment decrease and age in 1979
0–10	−0.010 (0.022)	−0.127 (0.075)	−0.208 (0.080)	−0.220 (0.080)	0.012 (0.027)	−0.926 (0.398)
11–19	0.025 (0.020)	−0.063 (0.055)	−0.132 (0.044)	−0.128 (0.042)	−0.005 (0.020)	−0.475 (0.245)
Panel B. OLS Estimates
Interaction between 1979–1982 log real earnings per capita decrease and age in 1979
0–10	0.005 (0.013)	−0.007 (0.026)	−0.039 (0.027)	−0.042 (0.025)	0.004 (0.014)	−0.166 (0.140)
11–19	0.001 (0.008)	0.035 (0.019)	−0.001 (0.018)	−0.001 (0.015)	−0.0002 (0.008)	−0.008 (0.097)
Panel C. OLS Estimates
Interaction between 1979–1982 log employment decrease and age in 1979
0–10	0.005 (0.011)	−0.058 (0.028)	−0.118 (0.027)	−0.121 (0.024)	0.003 (0.014)	−0.465 (0.125)
11–19	0.018 (0.008)	0.015 (0.019)	−0.029 (0.015)	−0.042 (0.014)	0.013 (0.010)	−0.110 (0.081)

Notes: See notes to Table 2 for details on specification and sample.

Sources: BEA Regional Economic Accounts, Census County Business Patterns, Confidential 2000–2013 Census/ACS data linked to the SSA NUMIDENT file