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Table 1 Descriptive statistics of key variables

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

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
  1. 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