Table A.9:
The Long-Run Effects of the 1980–1982 Recession on Income, Wages, and Poverty, Heterogeneity by Gender and Race
| Dependent variable: | |||||
|---|---|---|---|---|---|
| Log personal income | Log earned income | Log hourly wage | Log family income | In poverty | |
| (1) | (2) | (3) | (4) | (5) | |
| Panel A. Interaction between 1979–1982 decrease in log earnings per capita and indicator for gender by age in 1979 | |||||
| Men, 0–10 | −0.297 (0.145) |
−0.333 (0.142) |
−0.168 (0.108) |
−0.317 (0.136) |
0.099 (0.049) |
| Men, 11–19 | −0.187 (0.119) |
−0.225 (0.111) |
−0.182 (0.097) |
−0.189 (0.096) |
0.016 (0.039) |
| Women, 0–10 | −0.578 (0.218) |
−0.687 (0.233) |
−0.424 (0.174) |
−0.535 (0.238) |
0.213 (0.087) |
| Women, 11–19 | −0.408 (0.185) |
−0.443 (0.187) |
−0.476 (0.168) |
−0.487 (0.178) |
0.120 (0.053) |
| p-value, men/women coefficients equal | 0.296 | 0.196 | 0.142 | 0.140 | 0.095 |
| Panel B. Interaction between 1979–1982 decrease in log earnings per capita and indicator for race by age in 1979 | |||||
| Nonwhites, 0–10 | −0.183 (0.440) |
−0.317 (0.461) |
0.340 (0.335) |
0.102 (0.484) |
0.030 (0.218) |
| Nonwhites, 11–19 | 0.174 (0.494) |
0.174 (0.483) |
0.632 (0.409) |
0.541 (0.421) |
0.003 (0.164) |
| Whites, 0–10 | −0.487 (0.154) |
−0.548 (0.166) |
−0.343 (0.126) |
−0.443 (0.174) |
0.161 (0.056) |
| Whites, 11–19 | −0.363 (0.116) |
−0.405 (0.118) |
−0.407 (0.108) |
−0.419 (0.117) |
0.082 (0.033) |
| p-value, nonwhite/white coefficients equal | 0.550 | 0.463 | 0.053 | 0.084 | 0.811 |
Notes: Table reports results of estimating separate regressions by gender (Panel A) and race (Panel B). See notes to Table 3 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