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Latin American Economic Review

Table 3 Correlates of the skilled–unskilled wage premium.

From: Educational upgrading and returns to skills in Latin America: evidence from a supply–demand framework

 

(1)

(2)

(3)

(4)

(5)

Relative supply S–U

− 0.2111 [0.166]

− 0.4651 [0.082]***

− 0.4928 [0.145]***

− 0.4792 [0.145]**

− 0.3705 [0.129]**

Constant

0.9220 [0.086]

0.6936 [0.021]

0.6333 [0.098]

0.1461 [1.189]

0.3451 [1.025]

Country-fixed effects

No

Yes

Yes

Yes

Yes

Year-fixed effects

No

No

Yes

Yes

Yes

Countries

16

16

16

9

12

Observations

269

269

269

174

225

R-squared

0.058

0.928

0.952

0.966

0.960

  1. Robust standard errors in brackets, clustered at the country level. Weights: inverse of the standard error of the skill premium squared
  2. * Significant at 10%; ** significant at 5%; *** significant at 1%
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