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Table 6 Regression of the share of informal workers on the peso crisis for model 1 and model 2. System of equations with peso crisis defined as a dummy = 1 for 1994 and 1995

From: Wage inequality and informality: evidence from Mexico

  Model 1 Model 2
= 1 if year ≥ 1994 and year ≤ 1995 0.019 0.030
  (0.006) (0.009)
Share skill 2 1.752 0.764
  (1.078) (0.361)
Share skill 3 2.287 0.574
  (0.433) (0.087)
Share skill 4 −0.052 −0.038
  (0.009) (0.005)
Share age 2 1.676 1.625
  (0.873) (0.582)
Share age 3 0.552 0.195
  (0.435) (0.101)
Year −0.020 −0.038
  (0.007) (0.009)
Constant 39.788 79.299
  (13.156) (20.195)
Observations 16 16
  1. Standard errors in parenthesis. Sample of workers aged 25–60. Dependent variable: share of informal workers