Table 7.
Sensitivity analysis of the impact of sample exclusions on main analysis
| Unbalanced panel | Inverse probability weights | Original analysis | ||||
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | |
| Year | 0.3*** | 0.28*** | 0.384*** | 0.359*** | 0.33*** | 0.25*** |
| (0.02) | (0.038) | (0.056) | (0.0697) | (0.025) | (0.037) | |
| Recession | − 0.41* | − 0.192 | − 0.624* | − 0.384 | − 0.488** | − 0.259 |
| (0.17) | (0.220) | (0.314) | (0.374) | (0.172) | (0.206) | |
| Enrollment (FTE), logged | − 1.152 | − 2.008 | − 1.937* | |||
| (0.903) | (2.652) | (0.976) | ||||
| Percent female, FTF | 0.0646* | 0.0558 | 0.0493 | |||
| (0.025) | (0.0380) | (0.026) | ||||
| Percent Black, FTF | − 0.1*** | − 0.152*** | − 0.1*** | |||
| (0.028) | (0.039) | (0.032) | ||||
| Percent Latinx, FTF | 0.12*** | 0.128*** | 0.16*** | |||
| (0.026) | (0.0341) | (0.025) | ||||
| Percent Asian, FTF | 0.0439 | 0.0392 | 0.0360 | |||
| (0.023) | (0.0273) | (0.020) | ||||
| Percent Native, FTF | 0.052 | 0.228*** | 0.0901 | |||
| (0.066) | (0.0631) | (0.094) | ||||
| Percent part-time, FTF | − 0.1*** | − 0.127*** | − 0.1*** | |||
| (0.015) | (0.0371) | (0.017) | ||||
| Percent first-time freshmen (FTF) | − 0.041* | − 0.0532 | − 0.053* | |||
| (0.018) | (0.0489) | (0.023) | ||||
| Percent need-based grant recipients | − 0.028* | − 0.0393 | − 0.036** | |||
| (0.011) | (0.0237) | (0.013) | ||||
| County unemployment rate | 0.0369 | 0.0247 | 0.0680 | |||
| (0.058) | (0.0964) | (0.055) | ||||
| Tuition | − 0.209 | − 0.231 | − 0.224 | |||
| (0.244) | (0.429) | (0.264) | ||||
| Percent loan recipients | − 0.0** | − 0.0323* | − 0.0192 | |||
| (0.010) | (0.0141) | (0.010) | ||||
| Student-faculty ratio | 0.0089 | 0.0428*** | 0.0286* | |||
| (0.018) | (0.00896) | (0.014) | ||||
| Adjunct share of instructional staff | − 0.01* | − 0.0237 | − 0.013* | |||
| (0.009) | (0.0135) | (0.006) | ||||
| Instructional spending/FTE, logged | 0.428 | 1.016* | 0.790* | |||
| (0.339) | (0.486) | (0.369) | ||||
| Academic support/FTE, logged | 0.72** | 0.468 | 0.256 | |||
| (0.255) | (0.582) | (0.321) | ||||
| Student services/FTE, logged | − 1.0** | − 1.054* | − 0.861* | |||
| (0.370) | (0.516) | (0.353) | ||||
| Scholarships/FTE, logged | − 0.003 | − 0.140 | − 0.0184 | |||
| (0.102) | (0.198) | (0.0906) | ||||
| Constant | − 54*** | − 49*** | − 718.4*** | − 650.0*** | − 55*** | − 43*** |
| (52.6) | (76.74) | (113.3) | (138.3) | (51.44) | (76.26) | |
| Observations | 14,757 | 14,507 | 11,662 | 11,662 | 11,662 | 11,662 |
| R-squared | 0.025 | 0.082 | 0.042 | 0.106 | 0.036 | 0.108 |
| Number of unitid | 1251 | 1215 | 833 | 833 | 833 | 833 |
Robust standard errors in parentheses; ***p < 0.001, **p < 0.01, *p < 0.05