Table 6 Wage regressions
From: Compliance with legal minimum wages and overtime pay regulations in China
| Â | Coefficients on each explanatory variable | |||
|---|---|---|---|---|
| Â | (1) | (2) | (3) | (4) |
Dependent variable | Log of basic monthly wage | Log of (bonus+1) | Log of basic wage plus bonus plus supplements | Log of hours worked |
Log of minimum wage | 0.872*** | −6.299*** | −0.015 | 0.048 |
| Â | (0.212) | (1.739) | (0.111) | (0.037) |
Log of lowest living cost | −0.305* | 3.881*** | 0.150 | −0.009 |
| Â | (0.170) | (1.399) | (0.092) | (0.025) |
Log of county level average wage | 0.280*** | 1.923*** | 0.519*** | −0.007 |
| Â | (0.070) | (0.462) | (0.043) | (0.008) |
Log of county level GDP per capita | 0.004 | 0.351 | 0.045* | −0.012* |
| Â | (0.041) | (0.379) | (0.026) | (0.006) |
Female | −0.090*** | −0.117 | −0.116*** | −0.008*** |
| Â | (0.011) | (0.079) | (0.007) | (0.002) |
College or above | 0.483*** | 0.735*** | 0.513*** | −0.034*** |
| Â | (0.033) | (0.212) | (0.023) | (0.004) |
Junior college | 0.213*** | 0.391** | 0.244*** | −0.023*** |
| Â | (0.022) | (0.171) | (0.017) | (0.004) |
High school | 0.050*** | 0.126 | 0.083*** | −0.009** |
| Â | (0.018) | (0.148) | (0.012) | (0.004) |
Age | 0.021*** | 0.031 | 0.024*** | −0.001 |
| Â | (0.006) | (0.038) | (0.005) | (0.001) |
Age squared | −0.000*** | −0.000 | −0.000*** | 0.000 |
| Â | (0.000) | (0.001) | (0.000) | (0.000) |
Experience | 0.012*** | 0.018 | 0.011*** | −0.002** |
| Â | (0.004) | (0.028) | (0.003) | (0.001) |
Experience squared | −0.000*** | −0.000 | −0.000*** | 0.000* |
| Â | (0.000) | (0.001) | (0.000) | (0.000) |
State funded firm | −0.080 | 0.656 | 0.016 | 0.005 |
| Â | (0.059) | (0.506) | (0.043) | (0.008) |
HongKong, Taiwan, Macao funded firm | 0.120** | −0.717 | 0.022 | 0.051*** |
| Â | (0.054) | (0.490) | (0.035) | (0.013) |
Foreign funded firm | 0.228*** | 0.298 | 0.131*** | 0.025*** |
| Â | (0.059) | (0.510) | (0.033) | (0.009) |
Large size firm | −0.094* | 1.611*** | 0.097*** | −0.016** |
| Â | (0.052) | (0.465) | (0.032) | (0.008) |
Medium size firm | −0.022 | 0.513* | 0.060*** | 0.001 |
| Â | (0.031) | (0.264) | (0.019) | (0.006) |
Log of firm revenue per worker | 0.077*** | 0.323** | 0.096*** | 0.002 |
| Â | (0.015) | (0.127) | (0.011) | (0.003) |
Proportion of labor cost to total expenditure | 0.250*** | −0.563 | 0.234*** | −0.021 |
| Â | (0.096) | (0.774) | (0.061) | (0.014) |
Other labor cost to wage expenditure | −0.096 | 1.353** | −0.054 | −0.045*** |
| Â | (0.069) | (0.573) | (0.042) | (0.011) |
Dummies for position in firm | YES | YES | YES | YES |
Dummies for sectors | YES | YES | YES | YES |
Observations | 514497 | 521501 | 521074 | 521501 |
R 2 | 0.350 | 0.228 | 0.556 | 0.139 |