Table 5 The determinants of the minimum wages at the city level, OLS

Ln(GDP per capita)

0.138^c

0.103^c

0.0389^c

0.00738

0.128^c

0.0711^b

0.0147

−0.00956

(0.0239)

(0.0328)

(0.0138)

(0.0216)

(0.0229)

(0.0311)

(0.0205)

(0.0298)

Employment rate

−0.120

−0.152

0.0292

0.0314

−0.212

−0.234

0.0365

0.0433

(0.162)

(0.191)

(0.0879)

(0.174)

(0.138)

(0.168)

(0.116)

(0.229)

GDP growth rate

−0.221^a

−0.272^b

−0.118^a

−0.00639

−0.0390

−0.174

−0.0834

0.0120

(0.113)

(0.115)

(0.0675)

(0.0832)

(0.145)

(0.163)

(0.0950)

(0.0920)

Tertiary sector share

0.280^c

0.225^c

0.0680^b

−0.136

0.262^c

0.181^a

−0.0252

−0.102

(0.0672)

(0.0731)

(0.0287)

(0.0897)

(0.0919)

(0.0941)

(0.0551)

(0.117)

Private employment share

−0.137

−0.244^b

0.0378

−0.0249

−0.105

−0.196

0.0150

0.0259

(0.0934)

(0.0922)

(0.0459)

(0.0580)

(0.127)

(0.120)

(0.0629)

(0.0535)

FDI share in GDP

0.515^a

0.394

0.401^a

0.166

0.429

0.173

0.361

0.299

(0.276)

(0.316)

(0.198)

(0.124)

(0.384)

(0.400)

(0.265)

(0.190)

Fiscal expenditure/GDP

−0.138

−0.0891

−0.119^a

−0.0815

0.164

0.191

0.114^a

−0.0433

(0.161)

(0.154)

(0.0656)

(0.111)

(0.174)

(0.159)

(0.0604)

(0.133)

Service sector/GDP

0.867

0.663

0.0892

−0.203

0.327

0.675

−0.0169

0.178

(1.184)

(1.073)

(0.586)

(0.684)

(1.361)

(1.334)

(0.538)

(0.844)

Per capita number of enterprises

0.0159^c

0.00916^c

0.00186^a

−0.00475

0.0200^c

0.00944^c

0.00323

−0.00573

(0.00360)

(0.00303)

(0.00102)

(0.00400)

(0.00437)

(0.00336)

(0.00208)

(0.00546)

Ln(consumption per capita)_rural

0.00858

0.0323

0.00291

0.110^b

0.0993^c

0.0643

(0.0434)

(0.0194)

(0.0370)

(0.0468)

(0.0292)

(0.0519)

Ln(consumption per capita)_urban

0.258^c

0.217^c

0.0491

0.252^c

0.151^c

0.0407

(0.0712)

(0.0394)

(0.0682)

(0.0796)

(0.0361)

(0.0773)

Province dummies

No

No

Yes

No

No

No

Yes

No

City dummies

No

No

No

Yes

No

No

No

Yes

Year dummies

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

N

2042

1866

1866

1866

2042

1866

1866

1866

Adj. R ²

0.846

0.858

0.933

0.951

0.791

0.819

0.909

0.940