The effect of doubling the minimum wage on employment: evidence from Russia

IZA Journal of Labor & Development

Table 1 Descriptive statistics of key variables

Variable	Mean	Median	Min	Max	SD
Fraction affected (federal)	6.46	6.25	0.05	20.16	4.37
Fraction affected	8.15	7.59	0.05	28.06	5.59
Kaitz index (federal)	21.60	22.08	6.13	45.44	7.14
Kaitz index	24.18	24.26	6.13	47.45	8.44
EMPLOY	62.27	62.68	29.64	76.79	6.38
FORMAL	51.51	52.64	22.16	72.64	9.01
INFORM	10.69	10.68	2.03	22.77	4.31
UNEMPL	7.06	6.17	0.79	32.33	4.45
YOUT_E	34.51	34.96	13.83	48.80	6.62
YOUT_U	14.82	13.11	3.47	61.22	8.97
FEM_E	58.59	58.24	21.05	75.61	6.82
FEM_U	6.63	5.72	0.70	38.29	4.66
LOW_E	42.79	42.70	21.56	62.77	6.37
LOW_U	10.94	9.48	2.52	31.44	6.02
Ind. production index	109.95	109.35	72.60	159.00	15.62
Share of rural population	32.38	31.40	0.00	100.00	15.73
Share of workers in small firms	7.32	6.81	0.66	26.41	3.97
Share of part-time workers	5.78	4.76	0.15	31.06	4.37
Population, thousands	1631.00	1171.50	18.00	10443.00	1610.94

Notes: All variables except population are measured in percentages. Fraction affected is the percentage of workers who earn wages between the old and new minimum wages, based on the distribution of wages in April 2007. Kaitz index is the ratio of the minimum wage and the average wage in the region, measured in November 2007. Ind. production index is the index of industrial production between the third quarter of 2006 and the third quarter of 2007. Share of workers in small firms is computed as the share of workers employed by small businesses divided by the working-age population; the data are from 2006. Labor market outcomes (variables EMPLOY-LOW_U) are measured in November 2007