Table 2
Earnings elasticity by specification
| Study | Earnings elasticity (coefficient) |
|---|---|
| Azar et al. (OLS) | -0.0378 |
| Azar et al. (IV) | -0.127 |
| Benmelech et al. | -0.054* |
| Rinz | -0.0324 |
* Benmelech et al. is a “log-linear” specification, meaning that its magnitude is not comparable to the log–log specification of the other three coefficients.
Sources: Azar, Marinescu, and Steinbaum 2017 (“Azar et al.”); Benmelech, Bergman, and Kim 2018 (“Benmelech et al.”); Rinz 2018
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