From: Does the minimum wage reduce wage inequality? Evidence from Thailand
Percentile | OLS | 2SLS | Predicted median | |||
---|---|---|---|---|---|---|
(1) | (2) | (1) | (2) | (1) | (2) | |
5 | 0.72*** | 0.585*** | 3.973*** | –0.815 | 1.256*** | –1.041 |
(0.082) | (0.042) | (1.003) | (0.622) | (0.401) | (0.669) | |
10 | 0.654*** | 0.578*** | 2.669*** | –0.308 | 0.956*** | –0.395 |
(0.059) | (0.035) | (0.67) | (0.404) | (0.255) | (0.483) | |
20 | 0.537*** | 0.55*** | 0.622*** | –0.304 | 0.462*** | –0.389 |
(0.031) | (0.031) | (0.214) | (0.387) | (0.08) | (0.442) | |
25 | 0.489*** | 0.524*** | 0.154 | –0.093 | 0.334*** | –0.119 |
(0.029) | (0.026) | (0.235) | (0.322) | (0.084) | (0.404) | |
30 | 0.433*** | 0.481*** | –0.128 | –0.031 | 0.225*** | –0.04 |
(0.03) | (0.025) | (0.224) | (0.257) | (0.082) | (0.333) | |
40 | 0.319*** | 0.367*** | –0.252 | 0.093 | 0.118* | 0.119 |
(0.027) | (0.022) | (0.157) | (0.153) | (0.068) | (0.217) | |
75 | 0.008 | –0.015 | 0.502** | -0.08 | 0.113 | –0.102 |
(0.034) | (0.028) | (0.207) | (0.198) | (0.078) | (0.264) | |
90 | 0.293*** | 0.254*** | 0.915** | 0.152 | 0.471*** | 0.191 |
(0.058) | (0.046) | (0.407) | (0.36) | (0.171) | (0.488) | |
95 | 0.525*** | 0.495*** | 0.4 | 0.128 | 0.657*** | 0.162 |
(0.05) | (0.041) | (0.443) | (0.382) | (0.164) | (0.518) | |
F-test (weak IV) | 30.923 | 17.996 | ||||
Year dummy | Yes | Yes | Yes | Yes | Yes | Yes |
Province dummy | Yes | Yes | Yes | Yes | Yes | Yes |
Provincial trend | No | Yes | No | Yes | No | Yes |