The Benefits to Taxpayers from Increases in Students - RAND ...

94 The Benefits to Taxpayers from Increases in Students’ Educational Attainment
Table B.2
Estimates of 2002 Federal and State Tax Payments
Federal Taxes
OLS – Tax Paid (log)
State Taxes
OLS – Tax Paid (log)
Women Men Women Men
Intercept 6.3700** 6.9522** 6.9718** 7.0804**
Education level
Less than high school
graduate
0.2453 –0.0928 0.1356 –0.0149
Some college 0.3375* –0.0477 0.0993 –0.0509
Bachelor’s degree or more –0.0963 –0.2254 0.2832** 0.3602**
Age
Age 0.0503** 0.0315** 0.0254** 0.0252**
Age squared –0.0006** –0.0004** –0.0003** –0.0003**
Age–less than high school
graduate
–0.0378** –0.0156* –0.0208** –0.0109**
Age–some college 0.0015 0.0157* 0.0049 0.0099**
Age–bachelor’s degree or
more
Age squared–less than
high school graduate
0.0417** 0.0459** 0.0110** 0.0070
0.0004** 0.0001* 0.0002** 0.0001**
Age squared-some college 0.0000 –0.0002** –0.0001* –0.0001**
Age squared–bachelor’s
degree or more
–0.0004** –0.0005** –0.0001** –0.0001*
Race/ethnicity
Asian 0.0157 –0.1393** –0.0575* –0.1182**
Black –0.5162** –0.3944** –0.2447** –0.2116**
Hispanic –0.2354** –0.2686** –0.1613** –0.1882**
Native American –0.4110** –0.4564** –0.2343** –0.2694**
Immigrant –0.0306 –0.1092** –0.0572** –0.0854**
N 21,400 18,644 21,352 18,614
R squared 26% 23% 27% 25%
NOTES: One and two asterisks indicate significance at the 0.05 and 0.01 levels, respectively.
Education effects (main and interacted) are jointly significant in all models at the 0.0001 level.
The intercept is high school graduate, white, U.S.-born.