Skip to main content

Table 6 The determinants of minimum wages in 2003 and 2009, OLS

From: Regional variation of the minimum wages in China

  2003 2009
Max Max Min Min Max Max Min Min
(1) (2) (3) (4) (5) (6) (7) (8)
Ln(GDP per capita) 0.109b 0.0494b 0.0818a 0.0230 0.115c 0.0502b 0.0802b 0.0307
(0.0409) (0.0209) (0.0479) (0.0239) (0.0287) (0.0183) (0.0297) (0.0217)
Employment rate −0.484a −0.203 −0.612a −0.141 0.0778 0.140 0.193 0.167
(0.274) (0.169) (0.318) (0.124) (0.177) (0.0876) (0.199) (0.142)
GDP growth rate −0.448 −0.232a −0.260 −0.00420 −0.666c −0.221c −0.570b −0.318a
(0.322) (0.129) (0.352) (0.133) (0.197) (0.0708) (0.220) (0.183)
Tertiary sector share 0.0458 −0.00792 0.0403 −0.0464 0.367c 0.155c 0.324b 0.0729
(0.0981) (0.0582) (0.135) (0.0486) (0.0948) (0.0558) (0.126) (0.105)
Private employment share −0.104 0.0834 −0.260 −0.209b −0.278b −0.0547 −0.134 0.0402
(0.272) (0.132) (0.341) (0.0867) (0.109) (0.0688) (0.135) (0.0923)
FDI share in GDP 0.524 0.656c 0.330 0.700c −0.266 0.113 −0.818a −0.0560
(0.387) (0.206) (0.415) (0.234) (0.383) (0.205) (0.415) (0.327)
Fiscal expenditure/GDP −0.197 −0.154 0.349 0.133 −0.0715 −0.0678 0.130 0.0892
(0.314) (0.144) (0.313) (0.114) (0.104) (0.0940) (0.0990) (0.0873)
Service sector/GDP 0.612 0.811 −0.500 0.737 0.599 −0.362 −0.501 −0.768
(2.133) (0.809) (2.090) (0.597) (0.806) (0.799) (1.350) (1.056)
Per capita number of enterprises 0.0109 0.00512 0.00890 0.00940b 0.0101c 0.00331b 0.0108b 0.00490a
(0.00869) (0.00405) (0.00884) (0.00454) (0.00345) (0.00142) (0.00391) (0.00264)
Ln(consumption per capita)_rural 0.0135 −0.00786 0.119b 0.103b 0.00467 0.0415 0.100a 0.0944b
(0.0429) (0.0303) (0.0519) (0.0437) (0.0428) (0.0248) (0.0529) (0.0381)
Ln(consumption per capita)_urban 0.245b 0.192c 0.293b 0.0563 0.110 0.157c 0.0690 0.0572
(0.109) (0.0602) (0.124) (0.0607) (0.0736) (0.0381) (0.0869) (0.0488)
Province dummies No Yes No Yes No Yes No Yes
N 240 240 240 240 262 262 262 262
Adj. R 2 0.513 0.881 0.479 0.899 0.591 0.853 0.460 0.763
  1. Standard errors in parentheses; a, b, and c represent significance levels of 10, 5, and 1, respectively