The Impact of Minimum Wages on Wage Inequality and Employment in the Formal and Informal Sector in Costa Rica

William Davidson Institute Working Paper 479

Table 1:

Effect of Minimum Wage on Wage Dispersion

	Covered Sector	Self- Employed
Panel A: log of coefficient of variation Toughness Toughness² Time Dummies Industry dummies	-0.015 (0.015) 0.00008 (0.00010) Yes Yes	-0.0039 (0.0158) 0.00005 (0.00011) Yes Yes
Adjusted R²	0.80	0.77
Panel B: log of Gini Toughness Toughness² Time Dummies Industry dummies	-0.0315 ^a (0.013) 0.0002 ^b (0.0001) Yes Yes	-0.015 (0.013) 0.0001 (0.0001) Yes Yes
Adjusted R²	0.73	0.79
Panel C: Theil mean log deviation Toughness Toughness² Time Dummies Industry Dummies	-0.055 ^b (0.025) 0.00034 ^c (0.00018) Yes Yes	-0.034 (0.031) 0.00029 (0.00022) Yes Yes
Adjusted R²	0.69	0.60
No. of Observations	91	91

^aSignificant at the 1% level; ^bsignificant at the 5%
level; ^csignificant at the 10% level.

13

More intriguing information

1. The name is absent
2. Restructuring of industrial economies in countries in transition: Experience of Ukraine
3. Types of Cost in Inductive Concept Learning
4. Innovation Policy and the Economy, Volume 11
5. The name is absent
6. FDI Implications of Recent European Court of Justice Decision on Corporation Tax Matters
7. Quality practices, priorities and performance: an international study
8. A Study of Prospective Ophthalmology Residents’ Career Perceptions
9. BEN CHOI & YANBING CHEN
10. Models of Cognition: Neurological possibility does not indicate neurological plausibility.