Table A.1.
Hedonic Wage Analysis for Workers Who Do Not Have a College Degree
Dependent Variable – Log of Annual Income
Explanatory VariablesEstimateStandard Errorp
Usual hours worked per week (log) 1.0354 0.0017 <.0001 
Worked 27 to 39 weeks last year −0.5210 0.0017 <.0001 
Worked 40 to 47 weeks last year −0.2192 0.0016 <.0001 
Worked 48 to 49 weeks last year −0.0910 0.0025 <.0001 
Not an English speaker −0.1907 0.0035 <.0001 
Age 0.0615 0.0002 <.0001 
Age, squared −0.0006 0.0000 <.0001 
Age * Female −0.0196 0.0003 <.0001 
Age * Female, squared 0.0002 0.0000 <.0001 
Less than 9th grade education −0.2021 0.0023 <.0001 
9th Grade −0.1771 0.0032 <.0001 
10th Grade −0.1510 0.0028 <.0001 
11th Grade −0.1440 0.0025 <.0001 
12th Grade, no diploma −0.1186 0.0027 <.0001 
Regular high school diploma −0.0383 0.0012 <.0001 
GED or alternative credential −0.0961 0.0019 <.0001 
Some college but less than 1 year (reference group)    
   1 or more years of college, no degree 0.0208 0.0012 <.0001 
   Associates degree 0.0550 0.0014 <.0001 
   Female 0.2697 0.0067 <.0001 
Male (reference group) . . . 
   American Indian −0.0541 0.0039 <.0001 
   Black/African American −0.0974 0.0013 <.0001 
   Chinese −0.1912 0.0046 <.0001 
   Japanese −0.0228 0.0085 <.0001 
   Other Asian or Pacific Islander −0.1134 0.0024 0.0071 
   Other race −0.0336 0.0020 <.0001 
   Two or more major races −0.0461 0.0027 <.0001 
White (reference group) .   
   Hispanic −0.0733 0.0014 <.0001 
   Year 2008 −0.1130 0.0347 0.0011 
   Year 2009 −0.0406 0.0363 0.2640 
Number of observations    
   R-square 0.5861   
Dependent Variable – Log of Annual Income
Explanatory VariablesEstimateStandard Errorp
Usual hours worked per week (log) 1.0354 0.0017 <.0001 
Worked 27 to 39 weeks last year −0.5210 0.0017 <.0001 
Worked 40 to 47 weeks last year −0.2192 0.0016 <.0001 
Worked 48 to 49 weeks last year −0.0910 0.0025 <.0001 
Not an English speaker −0.1907 0.0035 <.0001 
Age 0.0615 0.0002 <.0001 
Age, squared −0.0006 0.0000 <.0001 
Age * Female −0.0196 0.0003 <.0001 
Age * Female, squared 0.0002 0.0000 <.0001 
Less than 9th grade education −0.2021 0.0023 <.0001 
9th Grade −0.1771 0.0032 <.0001 
10th Grade −0.1510 0.0028 <.0001 
11th Grade −0.1440 0.0025 <.0001 
12th Grade, no diploma −0.1186 0.0027 <.0001 
Regular high school diploma −0.0383 0.0012 <.0001 
GED or alternative credential −0.0961 0.0019 <.0001 
Some college but less than 1 year (reference group)    
   1 or more years of college, no degree 0.0208 0.0012 <.0001 
   Associates degree 0.0550 0.0014 <.0001 
   Female 0.2697 0.0067 <.0001 
Male (reference group) . . . 
   American Indian −0.0541 0.0039 <.0001 
   Black/African American −0.0974 0.0013 <.0001 
   Chinese −0.1912 0.0046 <.0001 
   Japanese −0.0228 0.0085 <.0001 
   Other Asian or Pacific Islander −0.1134 0.0024 0.0071 
   Other race −0.0336 0.0020 <.0001 
   Two or more major races −0.0461 0.0027 <.0001 
White (reference group) .   
   Hispanic −0.0733 0.0014 <.0001 
   Year 2008 −0.1130 0.0347 0.0011 
   Year 2009 −0.0406 0.0363 0.2640 
Number of observations    
   R-square 0.5861   

Note: The model also includes 778 labor market fixed effects, 1,357 year × occupation fixed effects, 780 year × industry fixed effects, and random effects for states.

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