Table 3:

The Long-Run Effects of the 1980–1982 Recession on Income, Wages, and Poverty

	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 real earnings per capita and age in 1979
0–10	−0.447 (0.158)	−0.519 (0.166)	−0.303 (0.125)	−0.419 (0.173)	0.158 (0.062)
11–19	−0.295 (0.120)	−0.333 (0.119)	−0.326 (0.105)	−0.332 (0.118)	0.070 (0.040)
Panel B. Average value of dependent variable in years 2000–2013, by age in 1979, in levels
0–10	42,728	41,004	25.53	80,971	0.122
11–19	51,325	48,484	29.80	94,026	0.103

Notes: See notes to Table 2. The sample in columns 1–4 contains 15.6 million individuals born from 1950–1979 in the continental U.S. with a unique birth county, unique PIK, non-allocated variables, and positive values of family income, earned income, personal income, and wage. The sample in column 5 contains 18.4 million individuals born from 1950–1979 in the continental U.S. with a unique birth county, unique PIK, and non-allocated variables. All monetary variables are in 2014 dollars.

Sources: BEA Regional Economic Accounts, Census County Business Patterns, Confidential 2000–2013 Census/ACS data linked to the SSA NUMIDENT file, Publicly available 2000–2013 Census/ACS data from Ruggles et al. (2015)