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Table 4 Effect of the minimum wage on log wage gap, sub-sample male private employees outside the agricultural sector (1985–2010)

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
  1. Note: Standard errors are in parentheses while ***, ** and * indicate significant at 1%, 5% and 10% level respectively