. Author manuscript; available in PMC: 2015 Dec 23.

Published in final edited form as: J Polit Econ. 2015 Apr;123(2):413–443. doi: 10.1086/679498

Table 1.

Specification

	X	X_I	Z	Common
Years of Experience (in 1991)	✓
Current Local Wages (in 1991)	✓
Permanent Local Wages	✓	✓
AFQT Scores				✓
Mother’s Education				✓
Number of Siblings				✓
Cohort Dummies				✓
Urban Residence			✓
Local Presence of Public College (age 14)			✓
Local Tuition at Public College (age 17)			✓
Local Wages (age 17)			✓

Notes: Our main specification includes years of experience (linear and squared), current local wages (linear), permanent local wages (linear and squared), AFQT scores (linear and squared), mother’s education (linear and squared), number of siblings (linear and squared), urban residence (linear), cohort dummies (linear), local presence of public colleges (linear), local tuition of public college (linear), and local wages (linear). All exclusions from the benefit equation are interacted with AFQT scores, mother’s education, and number of siblings.