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Table 9 Wage Regression (IV)

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

  (1) (2) (3)
VARIABLES all formal informal
log MW 0.0588 −0.167 0.226
  (0.150) (0.152) (0.170)
log prov. GDP 0.0390** 0.0876*** −0.0487***
  (0.0164) (0.0166) (0.0186)
elementary school 0.00682 −0.00701 0.0138
  (0.0116) (0.0118) (0.0132)
middle school −0.0171 −0.000881 −0.0162
  (0.0167) (0.0169) (0.0189)
high school −0.0336 0.0130 −0.0466*
  (0.0216) (0.0219) (0.0245)
higher educ −0.0140 0.151*** −0.165***
  (0.0309) (0.0313) (0.0350)
urban 0.0210** 0.0345*** −0.0135
  (0.00892) (0.00905) (0.0101)
2000 0.0979*** −0.0435 0.141***
  (0.0339) (0.0343) (0.0384)
2007 0.0873*** −0.106*** 0.194***
  (0.0247) (0.0250) (0.0280)
Observations 48,030 48,030 48,030
  1. All specifications include sector and year dummies as control variables and use level of wage as dependent variable
  2. Standard errors in parentheses
  3. *p<0.1, **p<0.05, ***p<0.01