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Table 6 Wage regressions

From: Compliance with legal minimum wages and overtime pay regulations in China

  Coefficients on each explanatory variable
  (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
  (0.212) (1.739) (0.111) (0.037)
Log of lowest living cost −0.305* 3.881*** 0.150 −0.009
  (0.170) (1.399) (0.092) (0.025)
Log of county level average wage 0.280*** 1.923*** 0.519*** −0.007
  (0.070) (0.462) (0.043) (0.008)
Log of county level GDP per capita 0.004 0.351 0.045* −0.012*
  (0.041) (0.379) (0.026) (0.006)
Female −0.090*** −0.117 −0.116*** −0.008***
  (0.011) (0.079) (0.007) (0.002)
College or above 0.483*** 0.735*** 0.513*** −0.034***
  (0.033) (0.212) (0.023) (0.004)
Junior college 0.213*** 0.391** 0.244*** −0.023***
  (0.022) (0.171) (0.017) (0.004)
High school 0.050*** 0.126 0.083*** −0.009**
  (0.018) (0.148) (0.012) (0.004)
Age 0.021*** 0.031 0.024*** −0.001
  (0.006) (0.038) (0.005) (0.001)
Age squared −0.000*** −0.000 −0.000*** 0.000
  (0.000) (0.001) (0.000) (0.000)
Experience 0.012*** 0.018 0.011*** −0.002**
  (0.004) (0.028) (0.003) (0.001)
Experience squared −0.000*** −0.000 −0.000*** 0.000*
  (0.000) (0.001) (0.000) (0.000)
State funded firm −0.080 0.656 0.016 0.005
  (0.059) (0.506) (0.043) (0.008)
HongKong, Taiwan, Macao funded firm 0.120** −0.717 0.022 0.051***
  (0.054) (0.490) (0.035) (0.013)
Foreign funded firm 0.228*** 0.298 0.131*** 0.025***
  (0.059) (0.510) (0.033) (0.009)
Large size firm −0.094* 1.611*** 0.097*** −0.016**
  (0.052) (0.465) (0.032) (0.008)
Medium size firm −0.022 0.513* 0.060*** 0.001
  (0.031) (0.264) (0.019) (0.006)
Log of firm revenue per worker 0.077*** 0.323** 0.096*** 0.002
  (0.015) (0.127) (0.011) (0.003)
Proportion of labor cost to total expenditure 0.250*** −0.563 0.234*** −0.021
  (0.096) (0.774) (0.061) (0.014)
Other labor cost to wage expenditure −0.096 1.353** −0.054 −0.045***
  (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
  1. Standard errors in parentheses
  2. *p < 0.1, **p < 0.05, ***p < 0.01