Table 9 Wage Regression (IV)
From: The impact of minimum wages on informal and formal labor market outcomes: evidence from Indonesia
| Â | (1) | (2) | (3) |
|---|---|---|---|
VARIABLES | all | formal | informal |
log MW | 0.0588 | −0.167 | 0.226 |
| Â | (0.150) | (0.152) | (0.170) |
log prov. GDP | 0.0390** | 0.0876*** | −0.0487*** |
| Â | (0.0164) | (0.0166) | (0.0186) |
elementary school | 0.00682 | −0.00701 | 0.0138 |
| Â | (0.0116) | (0.0118) | (0.0132) |
middle school | −0.0171 | −0.000881 | −0.0162 |
| Â | (0.0167) | (0.0169) | (0.0189) |
high school | −0.0336 | 0.0130 | −0.0466* |
| Â | (0.0216) | (0.0219) | (0.0245) |
higher educ | −0.0140 | 0.151*** | −0.165*** |
| Â | (0.0309) | (0.0313) | (0.0350) |
urban | 0.0210** | 0.0345*** | −0.0135 |
| Â | (0.00892) | (0.00905) | (0.0101) |
2000 | 0.0979*** | −0.0435 | 0.141*** |
| Â | (0.0339) | (0.0343) | (0.0384) |
2007 | 0.0873*** | −0.106*** | 0.194*** |
| Â | (0.0247) | (0.0250) | (0.0280) |
Observations | 48,030 | 48,030 | 48,030 |