Table 2 First stage results (1) (2) (3)...

Table 2

First stage results

	(1)	(2)	(3)	(4)
IV (per 10,000)	0.004*** [0.001]	0.004*** [0.001]	0.004*** [0.001]	0.004*** [0.001]
Individual controls	No	Yes	Yes	Yes
Economic sector FE	No	No	Yes	Yes
Income level FE	No	No	No	Yes
Department FE	Yes	Yes	Yes	Yes
Year FE	Yes	Yes	Yes	Yes
Observations	1,776,063	1,776,063	1,776,063	1,776,063
F-stat	790.215	274.865	162.881	149.320
R-squared	0.021	0.024	0.027	0.027

	(1)	(2)	(3)	(4)
IV (per 10,000)	0.004*** [0.001]	0.004*** [0.001]	0.004*** [0.001]	0.004*** [0.001]
Individual controls	No	Yes	Yes	Yes
Economic sector FE	No	No	Yes	Yes
Income level FE	No	No	No	Yes
Department FE	Yes	Yes	Yes	Yes
Year FE	Yes	Yes	Yes	Yes
Observations	1,776,063	1,776,063	1,776,063	1,776,063
F-stat	790.215	274.865	162.881	149.320
R-squared	0.021	0.024	0.027	0.027

Note(s): *p < 0.1, **p < 0.05 and ***p < 0.01. Robust standard errors correct by sampling design. All models include constant. Individual controls include sex, age, age squared, no diploma (yes = 1), High-school (yes = 1), Technical technological (yes = 1), bachelor's degree (yes = 1), Postgraduate (yes = 1), Weekly worked hours. We only considered people in working age who are actively working

Source(s): Authors' calculations using the GEIH-DANE (2014–2018)

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