From: Does the minimum wage reduce wage inequality? Evidence from Thailand
Percentile | OLS | 2SLS | Predicted median | |||
---|---|---|---|---|---|---|
(1) | (2) | (1) | (2) | (1) | (2) | |
5 | 0.728*** | 0.776*** | –0.23 | 1.603*** | 0.458** | 1.881* |
(0.063) | (0.059) | (0.672) | (0.609) | (0.222) | (0.98) | |
10 | 0.718*** | 0.745*** | –0.482 | 1.084*** | 0.558*** | 1.268** |
(0.04) | (0.041) | (0.826) | (0.266) | (0.127) | (0.569) | |
20 | 0.653*** | 0.673*** | 0.339 | 0.919*** | 0.532*** | 1.072** |
(0.031) | (0.037) | (0.339) | (0.316) | (0.077) | (0.475) | |
25 | 0.592*** | 0.613*** | 0.459 | 1.072*** | 0.48*** | 1.257*** |
(0.032) | (0.035) | (0.285) | (0.337) | (0.08) | (0.438) | |
30 | 0.531*** | 0.551*** | 0.51** | 1.076*** | 0.425*** | 1.261*** |
(0.034) | (0.037) | (0.221) | (0.395) | (0.067) | (0.36) | |
40 | 0.413*** | 0.432*** | 0.553** | 0.915** | 0.308*** | 1.072*** |
(0.026) | (0.029) | (0.225) | (0.358) | (0.056) | (0.325) | |
75 | 0.03 | 0.043* | –0.145 | –0.594 | –0.073 | –0.705 |
(0.019) | (0.024) | (0.209) | (0.48) | (0.103) | (0.5) | |
90 | 0.241*** | 0.237*** | 0.852 | 0.291 | 0.263 | 0.336 |
(0.055) | (0.054) | (0.731) | (0.649) | (0.227) | (0.868) | |
95 | 0.288*** | 0.292*** | 0.429 | 1.422 | 0.307 | 1.675 |
(0.072) | (0.067) | (0.727) | (1.33) | (0.308) | (1.594) | |
F-test (weak IV) | 1.749 | 2.535 | ||||
Year dummy | Yes | Yes | Yes | Yes | Yes | Yes |
Province dummy | Yes | Yes | Yes | Yes | Yes | Yes |
Provincial trend | No | Yes | No | Yes | No | Yes |