Table A.8:
The Long-Run Effects of the 1980–1982 Recession on Income, Wages, and Poverty, First Difference Estimates
| Dependent variable: | |||||
|---|---|---|---|---|---|
| Log personal income | Log earned income | Log hourly wage | Log family income | In poverty | |
| (1) | (2) | (3) | (4) | (5) | |
| Interaction between 1979–1982 decrease in log real earnings per capita and age in 1979 | |||||
| 0–10 | −1.328 (0.315) |
−1.366 (0.322) |
−0.908 (0.266) |
−1.321 (0.309) |
0.264 (0.081) |
| 11–19 | −1.459 (0.336) |
−1.452 (0.334) |
−1.140 (0.309) |
−1.525 (0.332) |
0.236 (0.083) |
| 20–29 | −1.573 (0.397) |
−1.506 (0.382) |
−1.057 (0.354) |
−1.625 (0.386) |
0.235 (0.085) |
Notes: See notes to Table 3 for details on specification and sample. In this table, I do not include birth county fixed effects.
Sources: BEA Regional Economic Accounts, Census County Business Patterns, Confidential 2000–2013 Census/ACS data linked to the SSA NUMIDENT file