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EMPIRICAL APPENDIX<br />

DUMMIES FOR PARENTS HUMAN CAPITAL<br />

ISSN: 2247-6172;<br />

ISSN-L: 2247-6172<br />

Review <strong>of</strong> Applied Socio- Economic Research<br />

(Volume 5, Issue 1/ 2013), pp. 31<br />

URL: http://www.reaser.eu<br />

e-mail: editors@reaser.eu<br />

Variable ME (SE) ME (SE) ME (SE)<br />

(Model 1) (Model 2) (Model 3)<br />

Chief wage earner pr<strong>of</strong>ession/job<br />

Employer 10 employees 0.59*** -0.111 0.58*** -0.111 0.57*** -0.111<br />

Employer less than 10 employees 0.24*** -0.097 0.23*** -0.097 0.26*** -0.082<br />

Pr<strong>of</strong>essional worker lawyer, 0.33*** -0.083 0.32*** -0.083 0.35*** -0.065<br />

Supervisory - <strong>of</strong>fice worker: 0.08 -0.122 0.07 -0.122 0.12 -0.115<br />

Non-manual - <strong>of</strong>fice worker: 0.05 -0.089 0.04 -0.089 0.09 -0.081<br />

Foreman <strong>and</strong> supervisor -0.02 -0.111 -0.02 -0.111 0.01 -0.104<br />

Skilled manual worker -0.03 -0.065 -0.03 -0.065 -0.01 -0.055<br />

Semi-skilled manual worker -0.09 -0.056 -0.08 -0.056 -0.06 -0.047<br />

Unskilled manual worker -0.08 -0.059 -0.07 -0.059 -0.04 -0.049<br />

Farmer: has own farm 0.37*** -0.138 0.37*** -0.138 0.38*** -0.136<br />

Agricultural worker -0.17** -0.047 -0.16 -0.047 -0.16** -0.048<br />

Member <strong>of</strong> armed forces 0.07 -0.146 0.07 -0.146 0.11 -0.136<br />

Never had a job -0.04 -0.184 -0.04 -0.183 -0.03 -0.191<br />

No. Of observations<br />

1,684 1,684 1,684<br />

Pseudo R-squared<br />

0.06 0.06 0.06<br />

Log-Likelihood<br />

-903.16 -904.93 -906.82<br />

Note: For chief wage earner pr<strong>of</strong>ession/job dummies “o<strong>the</strong>r” type is <strong>the</strong> reference category. St<strong>and</strong>ard errors<br />

are corrected for heteroskedasticity. The symbols ***, ** <strong>and</strong> * denote that <strong>the</strong> coefficient is significantly<br />

different from zero at <strong>the</strong> 1, 5 <strong>and</strong> 10 percent levels respectively<br />

6. References<br />

[1] Becker, G. S., Tomes, N. (1986). Human Capital <strong>and</strong> <strong>the</strong> Rise <strong>and</strong> Fall <strong>of</strong> Families, Journal <strong>of</strong> Labor<br />

Economics 4 (3): S1-S39.<br />

[2] Barboni, G., Treibich, T. (2011). On <strong>the</strong> Lat<strong>in</strong> America growth paradox: a h<strong>in</strong>dsight <strong>in</strong>to <strong>the</strong> golden age,<br />

mimeo, 1 - 24.<br />

[3] Checchi, D., Ich<strong>in</strong>o, A., Rustich<strong>in</strong>i, A. (1999). More Equal but less Mobile? Education F<strong>in</strong>anc<strong>in</strong>g <strong>and</strong><br />

Intergenerational Mobility <strong>in</strong> Italy <strong>and</strong> <strong>in</strong> <strong>the</strong> US, Journal <strong>of</strong> Public Economics 74: 351 - 393.<br />

[4] Coleman, J. S. (1988). Social Capital <strong>in</strong> <strong>the</strong> Creation <strong>of</strong> Human Capital, The American Journal <strong>of</strong>

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