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. Author manuscript; available in PMC: 2018 Nov 13.
Published in final edited form as: Rev Econ Dyn. 2017 Feb 16;25:187–207. doi: 10.1016/j.red.2017.02.005

Appendix B.State-specific estimates not reported in the main text.

Parameter AL CO FL GA IL LA ME MD MA MI NH NJ OH SC TN VA WV
μa 0.550 0.756 0.541 0.439 0.734 0.550 0.695 0.695 0.824 0.721 0.724 0.951 0.697 0.570 0.584 0.603 0.544
(0.004) (0.014) (0.004) (0.006) (0.004) (0.004) (0.002) (0.012) (0.012) (0.002) (0.004) (0.008) (0.004) (0.002) (0.004) (0.028) (0.002)
σa 0.039 0.103 0.077 0.096 0.454 0.156 0.106 0.107 0.200 0.116 0.271 0.173 0.277 0.048 0.091 0.322 0.031
(0.002) (0.036) (0.026) (0.002) (0.010) (0.008) (0.004) (0.020) (0.002) (0.002) (0.004) (0.010) (0.094) (0.006) (0.014) (0.032) (0.004)
ρ h0 a 0.188 0.133 0.060 0.261 0.045 0.250 0.082 0.107 0.407 0.209 0.261 0.198 0.256 0.141 0.147 0.320 0.174
(0.036) (0.024) (0.029) (0.028) (0.008) (0.030) (0.016) (0.045) (0.020) (0.018) (0.042) (0.032) (0.099) (0.040) (0.056) (0.034) (0.075)

Note: standard errors in parentheses.