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Table 8 Effect of the minimum wage on changes in log wages of different sub-samples from 3 rd quarter 1994 to 1995

From: Does the minimum wage reduce wage inequality? Evidence from Thailand

Percentile All workers Male private employees Large firms employees
  (1) (2) (1) (2) (1) (2)
5 –0.375 –0.389 0.880 –0.711 –0.320 –0.692
  (0.644) (0.514) (1.076) (0.664) (0.456) (0.486)
10 0.111 0.102 –0.00874 –0.499 0.295 –0.434
  (0.463) (0.371) (0.399) (0.318) (0.465) (0.413)
20 –0.386 –0.394 –0.0143 –0.524 0.609 –0.178
  (0.357) (0.301) (0.468) (0.390) (0.419) (0.344)
25 –0.409 –0.416* –0.192 –0.544** 0.791** –0.0609
  (0.274) (0.219) (0.243) (0.258) (0.386) (0.240)
30 –0.378 –0.389 0.109 –0.259 0.457 –0.312**
  (0.417) (0.276) (0.287) (0.224) (0.296) (0.145)
40 –0.217 –0.228 0.0411 –0.335 0.442 –0.207
  (0.389) (0.258) (0.304) (0.265) (0.372) (0.188)
50 0.187 0.174 0.607 0.0254 0.232 –0.203
  (0.366) (0.233) (0.409) (0.211) (0.258) (0.186)
75 0.0638 0.0580 –0.413** –0.530*** 0.121 –0.394
  (0.529) (0.549) (0.184) (0.180) (0.369) (0.323)
90 0.438 0.433 0.724 0.109 0.258 –0.462
  (0.704) (0.729) (0.496) (0.472) (0.381) (0.392)
95 –0.0351 –0.0402 –0.268 –0.831 0.575 –0.105
  (0.512) (0.532) (0.822) (0.882) (0.573) (0.628)
Average wage No Yes No Yes No Yes
  1. Note: Standard errors are in parentheses while ***, ** and * indicate significant at 1%, 5% and 10% level respectively