Independent variable | Wage level [1] | Wage level [2] | Wage level [3] | Wage log [4] |
Experience | 819.157 | 819.208 | 830.701 | 0.097871 |
[Error standar] | [1.537] | [1.539] | [1.5113] | [0.000077] |
Experience squared | −9.5042 | −9.504 | −9.6605 | −0.00111 |
[Error standar] | [0.01596] | [0.01596] | [0.0158] | 8.39E−07 |
Education level | 538.334 | 538.44 | 537.095 | 0.00071 |
[Error standar] | [2.191] | [2.197] | [2.1679] | [0.000016] |
Education × experience | −0.0047 | |||
[Error standar] | [0.0068] | |||
Unemployment rate | −216.267 | −216.27 | 24.063 | −0.015768 |
[Error standar] | [1.197] | [1.197] | [0.6861] | [0.00007] |
Capital accumulation | 1326.142 | 1326.156 | 0.082519 | |
[Error standar] | [6.728] | [6.729] | 3.83E−04 | |
Machinery accumulation | 2616.621 | |||
[Error standar] | [9.0269] | |||
Economic openness | 105.098 | 105.098 | 27.315 | 0.006633 |
[Error standar] | [0.6925] | [0.69252] | [0.7736] | 3.95E−05 |
Constant | −16934.81 | −16936.03 | −13747.41 | 6.96052 |
[Error standar] | [35.221] | [35.266] | [22.456] | [0.00199] |
R2 | 0.327 | 0.327 | 0.332 | 0.708 |