Latin American Economic Review

Table 4 Correlates of the high school-dropout 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 H–D	− 0.0354 [0.057]	− 0.2829 [0.030]***	− 0.2822 [0.053]***	− 0.3203 [0.064]***	− 0.2897 [0.060]***
Constant	0.4601 [0.085]	0.2378 [0.015]	0.2422 [0.054]	− 0.4892 [1.266]	− 0.5420 [1.177]
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	0.007	0.959	0.964	0.970	0.966

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

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