IZA Journal of Labor & Development

Table 3 Wage regression using fixed effects for all workers

From: The impact of minimum wages on informal and formal labor market outcomes: evidence from Indonesia

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
VARIABLES	log	log- below	level	level-below	imput1 - log	imput1 - level	imput2 - log	imput2 - level
log MW	0.129**	0.328***			0.145***		0.164***
	(0.0593)	(0.0998)			(0.0552)		(0.0571)
mw_real			0.319***	0.301***		0.308***		0.320***
			(0.0752)	(0.0841)		(0.0738)		(0.0745)
log prov. GDP	0.118***	0.270***	−462.6	48,243	0.143***	−1,368	0.153***	−3,261
	(0.0424)	(0.0797)	(28,407)	(42,374)	(0.0404)	(27,949)	(0.0437)	(28,983)
elementary school	0.0357	−0.0150	10,834	−180.4	0.0626	10,523	0.0801*	13,549
	(0.0444)	(0.0737)	(19,754)	(23,472)	(0.0412)	(19,414)	(0.0415)	(19,176)
middle school	0.0668	0.0833	31,917	15,971	0.0992*	37,031	0.115**	33,885
	(0.0549)	(0.102)	(31,208)	(39,272)	(0.0515)	(30,522)	(0.0539)	(30,397)
high school	0.216***	0.466***	76,022*	135,301***	0.242***	77,539*	0.246***	66,851*
	(0.0682)	(0.143)	(41,167)	(51,888)	(0.0650)	(40,261)	(0.0694)	(40,265)
higher educ	0.363***	0.941***	320,516***	528,869***	0.386***	321,055***	0.391***	313,286***
	(0.0902)	(0.239)	(71,297)	(141,645)	(0.0876)	(70,374)	(0.0906)	(70,445)
urban	0.116***	0.158***	61,856***	23,654	0.0915***	63,970***	0.0907***	64,266***
	(0.0326)	(0.0551)	(17,567)	(18,567)	(0.0302)	(17,276)	(0.0318)	(17,818)
2000	0.00297	0.322***	11,129	113,838***	0.00627	7,821	−0.000519	7,680
	(0.0198)	(0.0361)	(8,162)	(8,786)	(0.0184)	(8,022)	(0.0189)	(8,078)
2007	0.153***	0.529***	85,773***	182,642***	0.128***	87,089***	0.113***	86,086***
	(0.0212)	(0.0385)	(12,996)	(17,386)	(0.0201)	(12,781)	(0.0210)	(13,043)
Observations	16,773	7,200	19,617	9,613	18,308	19,617	18,162	19,617
Adj. R-squared	0.051	0.175	0.050	0.145	0.046	0.051	0.048	0.051

All specifications include sector and year dummies as control variables
Robust standard errors in parentheses
*p<0.1, **p<0.05, ***p<0.01

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