The State of Minority- and Women- Owned ... - Cleveland.com

Market-Based Disparities in Business Formation and Business Owner Earnings
Table 5.1. Annual Wage Earnings Regressions, All Industries, 2006–2010
African American
Hispanic
Asian/Pacific Islander
Native American
Two or more races
Nonminority Female
Age
Age 2
CLEVMA
Independent Variables
CLEVMA*African American
CLEVMA*Hispanic
CLEVMA*Asian/Pacific Islander
CLEVMA*Native American
CLEVMA*Two or more races
CLEVMA*Nonminority female
Specification
(1) (2) (3)
-0.320
(214.27)
-0.225
(156.84)
-0.258
(138.19)
-0.303
(59.07)
-0.265
(82.71)
-0.316
(359.46)
0.181
(720.77)
-0.002
(628.05)
-0.003
(0.63)
-0.319
(212.21)
-0.225
(156.40)
-0.258
(137.77)
-0.304
(59.02)
-0.264
(82.17)
-0.316
(357.31)
0.181
(720.76)
-0.002
(628.04)
-0.001
(0.18)
-0.049
(3.59)
-0.048
(1.93)
-0.009
(0.31)
0.097
(0.89)
-0.077
(2.00)
0.010
(1.24)
-0.319
(212.29)
-0.225
(156.79)
-0.258
(138.16)
-0.303
(59.06)
-0.264
(82.17)
-0.316
(359.47)
0.181
(720.76)
-0.002
(628.04)
0.002
(0.49)
-0.052
(3.97)
NERA Economic Consulting 155
n/a
n/a
n/a
-0.080
(2.09)
Education (16 categories) Yes Yes Yes
Geography (51 categories) Yes Yes Yes
Industry (88 categories) Yes Yes Yes
N 4205873 4205873 4205873
Adj. R 2 .4494 .4494 .4494
Source: NERA calculations from the 2006-2010 ACS Public Use Microdata Sample.
Notes: (1) See above, section B.3.(a)-(b) for a description of Specifications 1 through 3; (2) Universe
is all private sector wage and salary workers between the ages of 16 and 64; observations with
imputed values to the dependent variable and all independent variables are excluded; (3) Reported
number is the percentage difference in annual wages between a given group and nonminority men;
(4) Number in parentheses is the absolute value of the associated t-statistic. Using a two-tailed test, tstatistics
greater than 1.67 (1.99) (2.64) are statistically significant at a 90 (95) (99) percent
confidence level; (5) Geography is defined based on place of residence; (6) “CLEVMA” is shorthand
for “the City of Cleveland Market Area,” which includes the Cleveland-Elyria-Mentor, OH
Metropolitan Statistical Area (MSA) and the Akron, OH MSA; (7) “n/a” in Specification 3 means
that the category was not included in the regression because it was not statistically significant in
Specification 2, as described above in section B.3.b.
n/a