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Table 4 Wage regression using fixed effects for formal workers

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

  (1) (2) (3) (4)
VARIABLES log log- below level level-below
log MW 0.178*** 0.613***   
  (0.0650) (0.150)   
mw_real    0.446*** 0.548***
    (0.110) (0.142)
log prov. GDP 0.0770* 0.0970 −4,600 5,197
  (0.0450) (0.118) (42,051) (111,281)
elementary school 0.0308 −0.000173 8,684 −25,953
  (0.0496) (0.0842) (25,509) (24,315)
middle school 0.0232 0.142 8,909 50,194
  (0.0693) (0.135) (42,818) (69,684)
high school 0.330*** 0.745*** 119,712** 211,456***
  (0.0813) (0.181) (53,019) (79,081)
higher educ 0.516*** 1.116*** 428,126*** 634,912***
  (0.0971) (0.263) (77,021) (166,072)
urban 0.118*** 0.210*** 62,937*** 74,486**
  (0.0344) (0.0694) (22,293) (31,506)
2000 −0.00955 0.316*** 4,746 109,358***
  (0.0228) (0.0591) (11,163) (13,638)
2007 0.264*** 0.596*** 185,614*** 229,523***
  (0.0223) (0.0553) (18,851) (44,622)
Observations 8,198 2,681 8,363 2,804
Adj. R-squared 0.157 0.280 0.179 0.290
  1. All specifications include sector and year dummies as control variables
  2. Robust standard errors in parentheses
  3. *p<0.1, **p<0.05, ***p<0.01