|||**T**|**able 2: Indust**|**ry Labor Dem**<br>|**and for White**<br> <br>|**Collar Worke**<br>|**rs in Chile**|**(1982-95)**||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||**(Lstan**|**dard**<br>**errors in p**|**arenthesis)**||||||
||Ln L**t-1**<br>|Ln WBt|Ln WBt-**1**|Ln WWt|Ln WWt- 1|Constant|Wald<br>Test: p-<br>value(b)|L.R.<br>Elast.(a)|Sargan<br>Test|Autoco.<br>Test<br>(2nd o.)|No. Obs<br>(Plants)|
|Base<br>Specification(c)|0.248(*)<br> <br>(0.045)|0.032(**)<br>(0.015)|-0.032(**)<br>(0.013)|<br>-0.376(*)<br>(0.012)|0.108(*)<br>(0.018)|-0.074(*)<br>(0.013)||-0.357|0.221|0.795|21014<br>(1501)|
|Time Variant<br>Specification|0.262(***)<br>(0.153)|0.019<br>(0.049)|-0.032<br>_(0.045)_|-0.289(*)<br>(0.032)|0.099(***)<br>(0.054)|<br>-0.070(*)<br>(0.020)|--|-0.258|0.213|0.599|21014<br>_(1501)_|
|Variable* T83|-0.032|0.008|-0.006|-0.054|-0.017|-0.014|0.899|-0.339||||
||(0.170)|(0.063)|(0.062)|(0.043)|(0.068)|(0.030)||||||
|Variable* T84|-0.103|-0.016|-0.008|-0.009|<br>-0.026|0.098(*)|0.991|-0.268||||
||(0.254)|(0.067)|(0.065)|(0.045)|(0.093)|(0.028)||||||
|Variable* T85|0.028<br>(0.240)|0.012<br>(0.071)|0.003<br>(0.059)|-0.114(**)<br>(0.052)|<br>-0.012<br>(0.082)|0.049(***)<br>(0.027)|0.408|-0.446||||
|Variable* T86|-0.122<br>(0.232)|0.054<br>(0.074)|0.093<br>(0.074)|<br>-0.096(**)<br>(0.049)|<br>0.007<br>(0.090)|0.168(*)<br>(0.024)|0.110|-0.325||||
|Variable* T87|-0.102<br>(0.218)|0.122(***)<br>(0.070)|0.007<br>(0.070)|-0.168(*)<br>(0.049)|-0.009<br>(0.085)|0.159(*)<br>(0.027)|0.007|-0.438||||
|Variable* T88|-0.104<br>(0.180)|0.110<br>(0.069)|0.042<br>(0.067)|<br>-0.145(*)<br>(0.049)|<br>-0.036<br>(0.079)|0.156(*)<br>(0.026)|0.050|-0.442||||
|Variable* T89|0.282<br>(0.282)|-0.076<br>(0.073)|-0.131(***)<br>(0.070)|<br>-0.194(*)<br>(0.051)|0.153<br>(0.119)|0.108(*)<br>(0.034)|0.003|-0.506||||
|Variable* T90|-0.069<br>(0.244)|-0.031<br>(0.079)|0.014<br>(0.061)|-0.094(***)<br>_(0.050)_|<br> <br>0.002<br>(0.105)|0.105(*)<br>(0.026)|0.469|-0.349||||
|Variable* T91|-0.095<br>(0.219)|0.005<br>(0.068)|0.018<br>(0.060)|-0.082(***)<br>(0.047)|-0.012<br>(0.087)|0.106(*)<br>(0.023)|0.627|-0.341||||
|Variable* T92|0.004<br>(0.261)|0.006<br>(0.065)|0.019<br>(0.061)|-0.065<br>(0.050)|<br>-0.001<br>(0.100)|0.102(*)<br>(0.024)|0.862|-0.349||||
|Variable* T93|0.173<br>(0.251)|-0.006<br>(0.074)|-0.069<br>(0.069)|-0.047<br>(0.056)|0.103<br>(0.099)|0.105(*)<br>(0.025)|0.715|-0.239||||
|Variable* T94|0.008|<br>-0.074|<br>-0.049|<br>-0.027|<br>0.020|0.101(*)|0.844|-0.270||||
||(0.228)|(0.068)|(0.070)|(0.049)|(0.089)|<br>(0.024)||||||
|Variable* T95|0.297|-0.066|0.025|-0.090|<br>0.122|0.056(**)|0.499|-0.359||||
||(0.369)|(0.080)|(0.067)|(0.060)|(0.125)|(0.028)||||||
|Wald Test (d)|0.970|0.204|0.474|0.003|0.973|0.000||||||

Notes: GMM estimates with first-differenced data. All variables are assumed exogenous except for lagged employment. Instruments are based on second and further lags of employment and output. (*) Significant at the 1% level. (**) Significant at the 5% level. (***) Significant at the 10% level. (a) Best point estimates calculated as [(Ln WBt + Ln WBt-l )/ Ln Lt-l ]. (b) Wald Test of Joint Significance of the variables interacted with a given year dummy. (c) Time dummies were included but are here omitted (d) P. Values. Wald Test of Joint Significance of year dummies interacted with a given variable.