Table 5 Effect of the minimum wage on log wage gap, sub-sample private employees age 25–54 in large firms outside the agricultural sector (1987Q3 – 2010Q1)¹

5

–0.378

0.729*

0.083

1.337

0.551

0.519*

0.33

1.354

(1.013)

(0.375)

(0.262)

(0.839)

(0.694)

(0.28)

(0.215)

(0.833)

10

–1.25

0.499*

0.239

0.927

0.174

0.543**

0.281

1.418**

(1.603)

(0.283)

(0.212)

(0.676)

(0.652)

(0.22)

(0.196)

(0.603)

20

–0.688

0.63**

0.404***

1.165**

0.443

0.352**

0.23

0.92*

(1.073)

(0.247)

(0.113)

(0.59)

(0.462)

(0.149)

(0.167)

(0.513)

25

–0.478

0.649***

0.374***

1.192**

0.516

0.415***

0.282**

1.084**

(0.913)

(0.209)

(0.094)

(0.508)

(0.377)

(0.129)

(0.118)

(0.462)

30

–0.305

0.63***

0.363***

1.158***

0.489

0.412***

0.274***

1.074**

(0.719)

(0.192)

(0.083)

(0.403)

(0.312)

(0.124)

(0.09)

(0.432)

40

0.214

0.478***

0.238***

0.879***

0.468

0.433***

0.157**

1.128***

(0.354)

(0.166)

(0.058)

(0.314)

(0.333)

(0.096)

(0.07)

(0.28)

75

0.096

–0.373

–0.037

–0.671*

0.474

0.218

0.014

0.571

(0.353)

(0.242)

(0.071)

(0.374)

(0.394)

(0.171)

(0.068)

(0.436)

90

0.695

–0.037

0.296**

–0.059

0.042

0.098

0.121

0.258

(0.877)

(0.382)

(0.146)

(0.714)

(0.528)

(0.3)

(0.155)

(0.816)

95

–0.205

0.465

0.405**

0.842

–1.004

–0.032

0.194

–0.088

(0.909)

(0.519)

(0.174)

(1.01)

(0.952)

(0.562)

(0.196)

(1.535)

F-test (weak IV)

2.408

8.942

3.494

10.884

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