Table A.2:

Stability of the Relationship between Severity of 1980–1982 Recession in County of Residence and County of Birth Across Cohorts, PSID Data

	Dependent variable: 1979–1982 decrease in log real earnings per capita in county of residence in year
	1979	1991	2003	2013
	(1)	(2)	(3)	(4)
Interaction between 1979–1982 decrease in log real earnings per capita in county of birth and age
0–1	0.963 (0.032)	1.008 (0.019)	1.000 (0.001)	1.001 (0.001)
2–4	0.844 (0.035)	0.870 (0.037)	0.901 (0.037)	0.865 (0.032)
5–7	0.801 (0.061)	0.795 (0.067)	0.745 (0.041)	0.806 (0.043)
8–10	0.737 (0.049)	0.647 (0.082)	0.688 (0.091)	0.859 (0.058)
11–13	0.707 (0.103)	0.663 (0.137)	0.677 (0.087)
Observations	3,684	4,028	3,336	3,358
p-value, coefficients equal to column 1	-	0.586	0.211	0.168
Sample: Individuals born in years	1968–1979	1980–1991	1992–2003	2004–2013

Notes: Table reports estimates of OLS regressions where the dependent variable is the 1979–1982 decrease in log real earnings per capita in individuals’ county of residence in the indicated year. Regressions include fixed effects for gender, race, and birth year-by-birth state, plus birth year interacted with the following birth county covariates: 1950–1960, 1960–1970, and 1970–1980 change in log real median family income and log population, and the 1960 level of log population, log population density, percent urban, percent black, percent foreign, percent with a high school degree, and percent of families with income below $3,000. The coefficients in column 1 are plotted in Appendix Figure A.4.

Sources: BEA Regional Economic Accounts, Confidential PSID data