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Table 4 Effect of the minimum wage on log wage gap, sub-sample male private employees outside the agricultural sector (1985–2010)

From: Does the minimum wage reduce wage inequality? Evidence from Thailand

Percentile

Adult workers

Young workers

 

2SLS

Predicted median

2SLS

Predicted median

 

(1)

(2)

(1)

(2)

(1)

(2)

(1)

(2)

5

5.122

–0.912

–0.118

–1.178*

1.41**

–1.204*

0.731***

–1.661**

 

(3.556)

(0.608)

(0.198)

(0.647)

(0.601)

(0.628)

(0.264)

(0.828)

10

0.787

–0.79

–0.055

–1.02**

1.011***

–0.696

0.433**

–0.965

 

(1.234)

(0.507)

(0.141)

(0.493)

(0.361)

(0.477)

(0.186)

(0.655)

20

–0.655

–0.293

0.071

–0.376

0.108

–0.348

0.219*

–0.487

 

(0.852)

(0.301)

(0.089)

(0.34)

(0.235)

(0.401)

(0.13)

(0.534)

25

–0.902

–0.227

0.066

–0.291

–0.005

–0.325

0.172

–0.456

 

(0.893)

(0.264)

(0.091)

(0.308)

(0.217)

(0.318)

(0.118)

(0.41)

30

–1.454

–0.209

0.092

–0.269

–0.035

–0.197

0.203**

–0.276

 

(1.227)

(0.269)

(0.094)

(0.322)

(0.195)

(0.267)

(0.092)

(0.356)

40

–1.111

–0.058

0.111

–0.073

–0.245*

–0.041

0.144**

–0.05

 

(0.96)

(0.211)

(0.068)

(0.27)

(0.146)

(0.191)

(0.067)

(0.267)

75

1.944

–0.331**

–0.086

–0.425*

–0.094

–0.334*

–0.012

–0.467*

 

(1.521)

(0.149)

(0.094)

(0.256)

(0.102)

(0.191)

(0.066)

(0.25)

90

4.99

–0.411

–0.196

–0.533

0.063

–0.673

0.144

–0.95

 

(3.832)

(0.361)

(0.243)

(0.51)

(0.234)

(0.475)

(0.14)

(0.64)

95

4.918

–0.733

–0.173

–0.942*

0.238

–1.173*

0.268

–1.606**

 

(3.743)

(0.456)

(0.306)

(0.566)

(0.332)

(0.68)

(0.221)

(0.795)

F-test (weak IV)

2.565

18.458

  

21.023

9.807

  

Year dummy

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Province dummy

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Provincial trend

No

Yes

No

Yes

No

Yes

No

Yes

  1. Note: Standard errors are in parentheses while ***, ** and * indicate significant at 1%, 5% and 10% level respectively