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. Author manuscript; available in PMC: 2017 Jul 14.
Published in final edited form as: Am Econ Rev. 2016 Apr;106(4):935–971. doi: 10.1257/aer.20140529

Table 6.

The MP Program and Medium-Term Outcomes from the 1940 Census

No
controls
All
controls
Observations Mean
rejected
Percent
effect
Annual income in 1939 76.06 [54.222] 90.93** [35.976] 1,960 666.2 13
Years of schooling 0.431* [0.230] 0.316 [0.262] 2,058 9.363 4
Black = 1 0.00440 [0.007] 0.00607 [0.007] 2,099 0.008 40

Notes: Standard errors (in brackets) are clustered at the county level. Effects computed relative to the average for rejected boys. All coefficients are estimated from separate regressions, with standard errors clustered at the county level and include all controls: individual characteristics (age at application, age of oldest and youngest in family, dummies for number of siblings, number of letters in name, a dummy for whether date of birth is incomplete, year of application, and dummies for the marital status of the mother); state characteristics at the time of application include manufacturing wages, education/labor laws (age must enter school, age can obtain a work permit, and whether a continuation school law is in place), state expenditures in logs (education, charity, and total expenditures on social programs), and state laws concerning MP transfers (work required, reapplication required, the maximum legislated amount for the first child, and the legislated amount for each additional child); county dummies and cohort dummies.

***

significant at the 1 percent level.

**

significant at the 5 percent level.

*

significant at the 10 percent level.