Table 5.
Estimation results INF1-20 and INF > 20; dependent variable LSAT.a
| Independent variables | Pooled OLS |
Linear fixed effects |
Fixed effects OL |
|||
|---|---|---|---|---|---|---|
| Coefficient | t-Value | Coefficient | t-Value | Coefficient | z-Value | |
| INF1-20 (ref. = INF0) | −0.177*** | −7.410 | −0.079*** | −4.990 | −0.122*** | −3.440 |
| INF > 20 (ref. = INF0) | −0.490*** | −7.680 | −0.329** | −7.380 | −0.445*** | −5.600 |
| Log INC | 0.086*** | 14.090 | 0.041*** | 9.780 | 0.043*** | 5.170 |
| MALE | −0.086*** | −4.690 | N.A. | N.A. | ||
| CHIH (ref. = CHIN) | −0.296*** | −15.720 | −0.159*** | −11.640 | −0.172*** | −4.740 |
| CHINH (ref. = CHIN) | 0.062*** | 2.830 | 0.013 | 0.750 | −0.024 | −0.520 |
| EDU | −0.054*** | −7.770 | −0.067*** | −10.700 | −0.354*** | −7.570 |
| MAR (ref. = NEV) | 0.309*** | 13.340 | 0.233*** | 13.180 | 0.462*** | 9.200 |
| DIV (ref. = NEV) | −0.205*** | −5.320 | −0.294*** | −9.570 | −0.377*** | −4.930 |
| FULL (ref. = OUT) | −0.199*** | −9.690 | −0.090*** | −5.940 | −0.045 | −1.210 |
| PART (ref. = OUT) | 0.002 | 0.010 | 0.029* | 1.950 | 0.098*** | 2.910 |
| UNE (ref. = OUT) | −0.499*** | −13.190 | −0.266*** | −9.620 | −0.317*** | −6.360 |
| Intercept | ||||||
| Adjusted R2 | 0.0371 | |||||
| R2 within | 0.0131 | |||||
| R2 between | 0.0292 | |||||
| R2 overall | 0.0314 | |||||
| Pseudo R2 | 0.0129 | |||||
| Number of observations | 115,411 | 115,411 | N.A. | |||
| Number of individuals | 23,285 | 23,285 | 13,515 | |||
a
Coefficients for wave dummies not reported.
* p < 0.1.
** p < 0.05.
***
p < 0.001.