From: Does the minimum wage reduce wage inequality? Evidence from Thailand
Percentile | Adult workers | Young workers | ||||||
---|---|---|---|---|---|---|---|---|
2SLS | Predicted median | 2SLS | Predicted median | |||||
(1) | (2) | (1) | (2) | (1) | (2) | (1) | (2) | |
5 | 5.122 | –0.912 | –0.118 | –1.178* | 1.41** | –1.204* | 0.731*** | –1.661** |
(3.556) | (0.608) | (0.198) | (0.647) | (0.601) | (0.628) | (0.264) | (0.828) | |
10 | 0.787 | –0.79 | –0.055 | –1.02** | 1.011*** | –0.696 | 0.433** | –0.965 |
(1.234) | (0.507) | (0.141) | (0.493) | (0.361) | (0.477) | (0.186) | (0.655) | |
20 | –0.655 | –0.293 | 0.071 | –0.376 | 0.108 | –0.348 | 0.219* | –0.487 |
(0.852) | (0.301) | (0.089) | (0.34) | (0.235) | (0.401) | (0.13) | (0.534) | |
25 | –0.902 | –0.227 | 0.066 | –0.291 | –0.005 | –0.325 | 0.172 | –0.456 |
(0.893) | (0.264) | (0.091) | (0.308) | (0.217) | (0.318) | (0.118) | (0.41) | |
30 | –1.454 | –0.209 | 0.092 | –0.269 | –0.035 | –0.197 | 0.203** | –0.276 |
(1.227) | (0.269) | (0.094) | (0.322) | (0.195) | (0.267) | (0.092) | (0.356) | |
40 | –1.111 | –0.058 | 0.111 | –0.073 | –0.245* | –0.041 | 0.144** | –0.05 |
(0.96) | (0.211) | (0.068) | (0.27) | (0.146) | (0.191) | (0.067) | (0.267) | |
75 | 1.944 | –0.331** | –0.086 | –0.425* | –0.094 | –0.334* | –0.012 | –0.467* |
(1.521) | (0.149) | (0.094) | (0.256) | (0.102) | (0.191) | (0.066) | (0.25) | |
90 | 4.99 | –0.411 | –0.196 | –0.533 | 0.063 | –0.673 | 0.144 | –0.95 |
(3.832) | (0.361) | (0.243) | (0.51) | (0.234) | (0.475) | (0.14) | (0.64) | |
95 | 4.918 | –0.733 | –0.173 | –0.942* | 0.238 | –1.173* | 0.268 | –1.606** |
(3.743) | (0.456) | (0.306) | (0.566) | (0.332) | (0.68) | (0.221) | (0.795) | |
F-test (weak IV) | 2.565 | 18.458 | 21.023 | 9.807 | ||||
Year dummy | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Province dummy | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Provincial trend | No | Yes | No | Yes | No | Yes | No | Yes |