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Campaign Finance and Political Efficacy: Evidence From the States
Unformatted Document Text:  22 Table 4. Full Specifications Variable Have a Say? Officials Care? Too Complicated? Coef. Std. Err. Coef. Std. Err. Coef. Std. Err. Disclose .089 .043 .079 .042 .014 .045 Orglimit .092 .045 .022 .043 .038 .047 Indlimit -.030 .041 .011 .048 -.042 .042 Pubfund -.101 .054 -.071 .047 -.068 .051 Explimit -.020 .037 .004 .038 -.049 .042 Income=2 .087 .020 .070 .025 .051 .043 Income=3 .177 .022 .187 .024 .074 .032 Income=4 .267 .025 .282 .021 .190 .038 Income=5 .401 .038 .507 .029 .383 .048 High School .378 .034 .433 .030 .402 .038 Some College .713 .040 .700 .027 .855 .049 College .929 .050 .949 .030 1.154 .031 Age .003 .003 -.002 .003 .005 .004 Age Squared .000 .000 .000 .000 .000 .000 Nonwhite -.098 .030 -.160 .026 -.030 .039 Female -.038 .017 .039 .019 -.366 .016 Partisan .099 .011 .111 .009 .081 .009 Direct -.026 .048 -.054 .042 -.102 .059 Term Limits -.077 .053 -.080 .033 .061 .044 Poll Tax -.099 .047 -.217 .067 -.106 .059 Literacy Test -.032 .036 -.037 .056 -.073 .068 Easy Reg. -.028 .043 .027 .030 -.005 .057 Constant -.576 .104 -1.614 .088 -1.235 .138 N 31647 31745 30413 Pseudo-R 2 .091 .125 .114 All specifications include state and year fixed effects with robust standard errors adjusted for clustering.

Authors: Milyo, Jeffrey. and Primo, David.
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22
Table 4. Full Specifications
Variable Have
a
Say?
Officials Care?
Too Complicated?
Coef.
Std. Err.
Coef.
Std. Err.
Coef. Std.
Err.
Disclose
.089 .043
.079
.042 .014 .045
Orglimit
.092 .045
.022
.043 .038 .047
Indlimit -.030
.041
.011 .048
-.042
.042
Pubfund
-.101 .054 -.071
.047 -.068 .051
Explimit -.020
.037
.004 .038
-.049 .042
Income=2 .087 .020
.070
.025 .051 .043
Income=3 .177 .022
.187
.024 .074 .032
Income=4 .267 .025
.282
.021 .190 .038
Income=5 .401 .038
.507
.029 .383 .048
High
School .378 .034
.433
.030 .402 .038
Some
College
.713 .040
.700
.027 .855 .049
College .929
.050
.949 .030
1.154
.031
Age .003
.003
-.002
.003
.005
.004
Age
Squared .000 .000
.000
.000 .000 .000
Nonwhite -.098 .030 -.160
.026 -.030 .039
Female -.038
.017
.039 .019
-.366
.016
Partisan
.099 .011
.111
.009 .081 .009
Direct
-.026 .048 -.054
.042 -.102 .059
Term Limits
-.077
.053
-.080
.033
.061
.044
Poll
Tax
-.099 .047 -.217
.067 -.106 .059
Literacy
Test
-.032 .036 -.037
.056 -.073 .068
Easy Reg.
-.028
.043
.027
.030
-.005
.057
Constant
-.576 .104 -1.614
.088 -1.235 .138
N
31647 31745
30413
Pseudo-R
2
.091 .125
.114

All specifications include state and year fixed effects with robust standard errors adjusted for
clustering.


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