From: Do minimum wages affect employment? Evidence from the manufacturing sector in Indonesia
Dependent variable: Log (Number of paid production workers) | ||||||
---|---|---|---|---|---|---|
All firms | Small firms | Large firms | ||||
(1) | (2) | (3) | (4) | (5) | (6) | |
Log (Min. Wage) | −0.0469*** | −0.0342** | −0.0251** | −0.0265* | −0.0270 | 0.0166 |
(0.0136) | (0.0161) | (0.0120) | (0.0145) | (0.0265) | (0.0312) | |
Log (Firm Age) | 0.1881*** | 0.0982*** | 0.2293*** | |||
(0.0065) | (0.0056) | (0.0135) | ||||
Foreign Share | 0.0019*** | 0.0007*** | 0.0013*** | |||
(0.0002) | (0.0002) | (0.0002) | ||||
Export Share | 0.0007*** | 0.0005*** | 0.0003*** | |||
(0.0001) | (0.0001) | (0.0001) | ||||
Govt. Share | 0.0001 | −0.0000 | 0.0001 | |||
(0.0002) | (0.0001) | (0.0003) | ||||
Fixed Effects | Firm | Firm | Firm | Firm | Firm | Firm |
Year Effects | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 290,118 | 206,375 | 221,300 | 157,761 | 66,677 | 47,117 |
Number of Firms | 40,169 | 38,563 | 35,188 | 33,534 | 9285 | 8893 |
R-squared | 0.916 | 0.919 | 0.802 | 0.809 | 0.846 | 0.851 |