From: Does the minimum wage reduce wage inequality? Evidence from Thailand
Percentile | OLS | 2SLS | Predicted median | |||
---|---|---|---|---|---|---|
(1) | (2) | (1) | (2) | (1) | (2) | |
5 | 0.364*** | 0.426*** | 8.731 | –0.073 | –0.163 | –0.056 |
(0.108) | (0.118) | (7.926) | (1.707) | (0.5) | (1.332) | |
10 | 0.432*** | 0.496*** | 5.429 | –0.956 | –0.182 | –0.702 |
(0.102) | (0.101) | (5.202) | (1.576) | (0.339) | (1.067) | |
20 | 0.449*** | 0.5*** | 0.835 | –0.045 | 0 | –0.025 |
(0.064) | (0.062) | (1.657) | (0.738) | (0.201) | (0.573) | |
25 | 0.468*** | 0.523*** | –0.117 | –0.438 | –0.049 | –0.315 |
(0.054) | (0.054) | (1.251) | (0.798) | (0.182) | (0.531) | |
30 | 0.406*** | 0.454*** | –0.625 | –0.221 | –0.031 | –0.167 |
(0.044) | (0.044) | (1.008) | (0.542) | (0.151) | (0.384) | |
40 | 0.298*** | 0.328*** | –0.555 | –0.124 | 0.028 | –0.088 |
(0.035) | (0.038) | (0.667) | (0.428) | (0.105) | (0.323) | |
75 | 0.116*** | 0.115** | 0.058 | 0.848 | 0.171** | 0.627** |
(0.04) | (0.046) | (0.402) | (0.585) | (0.071) | (0.308) | |
90 | 0.176** | 0.172* | 1.086 | 0.672 | 0.243 | 0.478 |
(0.089) | (0.09) | (1.412) | (0.819) | (0.221) | (0.516) | |
95 | 0.128 | 0.097 | 2.782 | 1.015 | 0.441 | 0.742 |
(0.108) | (0.104) | (2.716) | (1.117) | (0.298) | (0.68) | |
F-test (weak IV) | 0.828 | 2.362 | ||||
Year dummy | Yes | Yes | Yes | Yes | Yes | Yes |
Province dummy | Yes | Yes | Yes | Yes | Yes | Yes |
Provincial trend | No | Yes | No | Yes | No | Yes |