Tables: Military Service Table 1: Military Service: Models Model 1 Model 2 Model 3 Model 4 Model 5 Model 6 Model 7 Model 8 Model 9 num unemployed mili mili num unemployed mili 0.489-0.014-0.044-0.044-1.469-2.026-2.026 [0.005] [0.005] [0.005] [0.005] [0.208] [0.289] [0.308] hs -0.103-0.109-0.663 0.114-0.669-0.443-0.443 [0.004] [0.004] [0.120] [0.021] [0.120] [0.125] [0.133] age -0.070 0.222 0.155 0.063 0.154 0.280 0.280 [0.000] [0.004] [0.010] [0.002] [0.010] [0.021] [0.022] age2-0.006-0.004-0.002-0.004-0.008-0.008 [0.000] [0.000] [0.000] [0.000] [0.001] [0.001] exp 0.244 0.211 0.239 0.048 0.240 0.334 0.334 [0.001] [0.001] [0.004] [0.001] [0.004] [0.014] [0.015] exp2 0.003 0.001 0.000 0.001 0.001 0.001 [0.000] [0.000] [0.000] [0.000] [0.000] [0.000] hs age 0.067-0.013 0.067 0.040 0.040 [0.011] [0.002] [0.011] [0.011] [0.012] hs age2-0.002 0.000-0.002-0.001-0.001 [0.000] [0.000] [0.000] [0.000] [0.000] hs exp -0.030-0.006-0.030-0.043-0.043 [0.004] [0.001] [0.004] [0.004] [0.005] hs exp2 0.001-0.000 0.001 0.001 0.001 [0.000] [0.000] [0.000] [0.000] [0.000] lottery -0.036-0.026 [0.001] [0.001] u hat1 1.426 [1.208] u hat2 1.983 [0.289] Const. 1.113 1.586-1.920-1.320 0.150-0.417-1.094-2.136-2.136 [0.002] [0.009] [0.040] [0.113] [0.000] [0.019] [0.117] [0.164] [0.174] Obs. 1,043,130 1,043,130 1,043,130 1,043,130 1,043,130 1,043,130 1,043,130 1,043,130 1,043,130 R 2 0.0111 0.245 0.249 0.250 0.000 0.094 0.250 0.250 0.084 Table 2: Military Services: Test. Test Statistics p-value 1 3148.1 0.000 2 390.06 0.000 3 5431.96 0.000 4 2902.76 0.000 5 595.526 0.000 6 323.672 0.000 7 159.162 0.000 8 330.714 0.000 9 224.825 0.000 1
Tables: Airlines Data. Market Concentration Model 1: Pooled OLS, using 4596 observations const 110.984 15.7914 7.028 0.0000 dist 0.0746143 0.0115973 6.434 0.0000 dist2 4.69454e 006 4.49908e 006 1.043 0.2970 pass 8.82805 1.71977 5.133 0.0000 fr 0.667516 0.0956413 6.979 0.0000 Sum squared resid 14782406 S.E. of regression 56.74386 R 2 0.426266 Adjusted R 2 0.425766 F (4, 1148) 220.8713 P-value(F ) 1.3e 140 Log-likelihood 25080.10 Akaike criterion 50170.21 Schwarz criterion 50202.37 Hannan Quinn 50181.53 ˆρ 0.930201 Durbin Watson 0.124098 Model 2: Pooled OLS, using 4596 observations const 105.774 15.7558 6.713 0.0000 dist 0.0748500 0.0115997 6.453 0.0000 dist2 4.67145e 006 4.50009e 006 1.038 0.2995 pass 9.04655 1.72377 5.248 0.0000 fr 0.679673 0.0958633 7.090 0.0000 Dyear 2 1.24842 0.709490 1.760 0.0787 Dyear 3 5.29942 0.876615 6.045 0.0000 Dyear 4 15.7759 0.965791 16.33 0.0000 Sum squared resid 14605933 S.E. of regression 56.42258 R 2 0.433116 Adjusted R 2 0.432251 F (7, 1148) 168.6513 P-value(F ) 2.2e 171 Log-likelihood 25052.51 Akaike criterion 50121.01 Schwarz criterion 50172.48 Hannan Quinn 50139.13 ˆρ 0.932909 Durbin Watson 0.115472 2
Model 3: Fixed-effects, using 4596 observations const 483.010 24.7483 19.52 0.0000 pass 51.0501 3.89739 13.10 0.0000 fr 0.0484633 0.0666599 0.7270 0.4674 Sum squared resid 1103972 S.E. of regression 17.90129 LSDV R 2 0.957153 Within R 2 0.232783 Log-likelihood 19117.89 Akaike criterion 40537.78 Schwarz criterion 47942.10 Hannan Quinn 43143.98 ˆρ 0.020815 Durbin Watson 1.274780 Test statistic: F (2, 1148) = 93.8032 with p-value = P (F (2, 1148) > 93.8032) = 1.8501e-038 Robust test for differing group intercepts Null hypothesis: The groups have a common intercept Test statistic: Welch F (1148, 1151.0) = 88.1833 with p-value = P (F (1148, 1151.0) > 88.1833) = 0 Model 4: Fixed-effects, using 4596 observations const 516.474 32.0213 16.13 0.0000 pass 59.3160 5.12933 11.56 0.0000 fr 0.191843 0.0648203 2.960 0.0031 dt 2 2.60781 0.610909 4.269 0.0000 dt 3 8.03350 0.778754 10.32 0.0000 dt 4 19.4565 0.878256 22.15 0.0000 Sum squared resid 859146.8 S.E. of regression 15.79895 LSDV R 2 0.966655 Within R 2 0.402927 Log-likelihood 18541.71 Akaike criterion 39391.43 Schwarz criterion 46815.04 Hannan Quinn 42004.42 ˆρ 0.036271 Durbin Watson 1.398605 3
Test statistic: F (2, 1148) = 87.8531 with p-value = P (F (2, 1148) > 87.8531) = 3.14972e-036 Robust test for differing group intercepts Null hypothesis: The groups have a common intercept Test statistic: Welch F (1148, 1151.0) = 154.057 with p-value = P (F (1148, 1151.0) > 154.057) = 0 Wald joint test on time dummies Null hypothesis: No time effects Asymptotic test statistic: χ 2 (3) = 634.469 with p-value = 3.39398e-137 Model 5: Fixed-effects, using 4596 observations const 516.474 32.0213 16.13 0.0000 pass 59.3160 5.12933 11.56 0.0000 fr 0.191843 0.0648203 2.960 0.0031 Dyear 2 2.60781 0.610909 4.269 0.0000 Dyear 3 8.03350 0.778754 10.32 0.0000 Dyear 4 19.4565 0.878256 22.15 0.0000 Sum squared resid 859146.8 S.E. of regression 15.79895 LSDV R 2 0.966655 Within R 2 0.402927 Log-likelihood 18541.71 Akaike criterion 39391.43 Schwarz criterion 46815.04 Hannan Quinn 42004.42 ˆρ 0.036271 Durbin Watson 1.398605 Test statistic: F (5, 1148) = 135.897 with p-value = P (F (5, 1148) > 135.897) = 2.9938e-113 Robust test for differing group intercepts Null hypothesis: The groups have a common intercept Test statistic: Welch F (1148, 1151.0) = 154.057 with p-value = P (F (1148, 1151.0) > 154.057) = 0 Model 6: Random-effects (GLS), using 4596 observations 4
Coefficient Std. Error z p-value const 340.111 16.7587 20.29 0.0000 dist 0.0422273 0.0127407 3.314 0.0009 dist2 1.30592e 005 5.21242e 006 2.505 0.0122 pass 40.3441 2.25279 17.91 0.0000 fr 0.249176 0.0562160 4.432 0.0000 dt 2 2.20801 0.625200 3.532 0.0004 dt 3 6.90436 0.741413 9.312 0.0000 dt 4 17.9283 0.800508 22.40 0.0000 Sum squared resid 18075316 S.E. of regression 62.76014 Log-likelihood 25542.25 Akaike criterion 51100.51 Schwarz criterion 51151.97 Hannan Quinn 51118.62 Asymptotic test statistic: χ 2 (4) = 1064.19 with p-value = 4.37103e-229 Wald joint test on time dummies Null hypothesis: No time effects Asymptotic test statistic: χ 2 (3) = 650.139 with p-value = 1.35867e-140 ˆσ 2 v = 2864.15 ˆσ 2 ε = 249.607 θ = 0.853977 Breusch-Pagan test Null hypothesis: Variance of the unit-specific error = 0 Asymptotic test statistic: χ 2 (1) = 5468.76 with p-value = 0 Hausman test Null hypothesis: GLS estimates are consistent Asymptotic test statistic: χ 2 (5) = 103.091 with p-value = 1.17853e-020 5
Tables: Intergenerational Dependence 6
7