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

View the underlying data on epi.org.