Table A.13:
The Long-Run Effect of the 1980–1982 Recession on Income, Wages, and Poverty, Robustness to Specification
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | |
|---|---|---|---|---|---|---|---|---|---|---|
| Interaction between 1979–1982 decrease in log real earnings per capita and age in 1979 | ||||||||||
| Panel A. Dependent variable: Log personal income | ||||||||||
| 0–10 | −0.229 (0.118) |
−0.328 (0.123) |
−0.253 (0.133) |
−0.447 (0.158) |
−0.458 (0.164) |
−0.452 (0.155) |
−0.582 (0.201) |
−0.437 (0.155) |
−0.658 (0.157) |
−0.434 (0.154) |
| 11–19 | −0.314 (0.121) |
−0.349 (0.119) |
−0.318 (0.126) |
−0.295 (0.120) |
−0.267 (0.126) |
−0.314 (0.122) |
−0.372 (0.145) |
−0.297 (0.123) |
−0.405 (0.114) |
−0.284 (0.119) |
| Panel B. Dependent variable: Log earned income | ||||||||||
| 0–10 | −0.403 (0.138) |
−0.502 (0.144) |
−0.403 (0.151) |
−0.519 (0.166) |
−0.526 (0.170) |
−0.523 (0.163) |
−0.654 (0.210) |
−0.510 (0.164) |
−0.737 (0.166) |
−0.504 (0.163) |
| 11–19 | −0.412 (0.129) |
−0.445 (0.127) |
−0.401 (0.134) |
−0.333 (0.119) |
−0.304 (0.123) |
−0.356 (0.121) |
−0.410 (0.144) |
−0.337 (0.122) |
−0.426 (0.115) |
−0.321 (0.118) |
| Panel C. Dependent variable: Log hourly wage | ||||||||||
| 0–10 | −0.109 (0.085) |
−0.186 (0.089) |
−0.126 (0.096) |
−0.303 (0.125) |
−0.293 (0.134) |
−0.290 (0.125) |
−0.400 (0.164) |
−0.300 (0.127) |
−0.461 (0.128) |
−0.294 (0.124) |
| 11–19 | −0.414 (0.115) |
−0.421 (0.116) |
−0.373 (0.117) |
−0.326 (0.105) |
−0.295 (0.113) |
−0.332 (0.107) |
−0.410 (0.128) |
−0.328 (0.107) |
−0.354 (0.093) |
−0.316 (0.105) |
| Panel D. Dependent variable: Log family income | ||||||||||
| 0–10 | −0.371 (0.179) |
−0.455 (0.188) |
−0.360 (0.185) |
−0.419 (0.173) |
−0.426 (0.185) |
−0.398 (0.171) |
−0.533 (0.212) |
−0.395 (0.164) |
−0.637 (0.138) |
−0.404 (0.170) |
| 11–19 | −0.442 (0.136) |
−0.461 (0.138) |
−0.403 (0.138) |
−0.332 (0.118) |
−0.304 (0.119) |
−0.335 (0.115) |
−0.449 (0.141) |
−0.333 (0.122) |
−0.414 (0.107) |
−0.319 (0.117) |
| Panel E. Dependent variable: In Poverty | ||||||||||
| 0–10 | 0.256 (0.065) |
0.251 (0.068) |
0.195 (0.074) |
0.158 (0.062) |
0.139 (0.066) |
0.147 (0.059) |
0.184 (0.073) |
0.150 (0.059) |
0.220 (0.055) |
0.153 (0.061) |
| 11–19 | 0.150 (0.041) |
0.136 (0.038) |
0.109 (0.040) |
0.070 (0.040) |
0.055 (0.039) |
0.067 (0.038) |
0.096 (0.046) |
0.071 (0.041) |
0.057 (0.033) |
0.066 (0.040) |
| Birth state-by-age in 1979 fixed effects | X | X | X | X | X | X | X | X | X | |
| Birth region-by-age in 1979 fixed effects | X | |||||||||
| Interaction between age in 1979 and | ||||||||||
| 1950–70 log median family income growth | X | |||||||||
| 1950–60, 1960–70, 1970–80 log median family income growth | X | X | X | X | X | X | X | X | X | |
| 1950–60, 1960–70, 1970–80 log population growth | X | X | X | X | X | X | X | X | ||
| 1960 covariates | X | X | X | X | X | X | ||||
| 1950, 1960, 1970 covariates | X | |||||||||
| Full interaction between age in 1979, race, gender, and | X | |||||||||
| 1960 covariates | ||||||||||
| Recession severity for 1990–91, 2001, and 2007–09 | X | |||||||||
| Japanese import competition, 1970–90 | X | |||||||||
| Log births | X | |||||||||
Notes: See notes to Table A.12 for details on specifications and notes to Table 3 for details on sample.
Sources: BEA Regional Economic Accounts, Census County Business Patterns, Confidential 2000–2013 Census/ACS data linked to the SSA NUMIDENT file