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 2:

Impact of Changes in the Toughness of
the Minimum Wage on Inequaltiy

Range of Toughness Measure

Lowest

Median

Highest

Increase in

(30.0)

(55.5)

(89.0)

Gini

-0.0195

-0.0093

0.0041

Theil

-0.0346

-0.0173

0.00552

Table 3:

Impact of Minimum wages on the Log of Employment

Total
employment

Covered Sector

Employment

Self-
Employment

Toughness

0.019 c

0.0211 c

0.016

(0.011)

(0.0118)

(0.19)

(Toughness)2

-0.00014 c

-0.00014 c

-0.00018

(0.00007)

(0.00009)

(0.00014)

Time Dummies

yes

yes

yes

Industry Dummies

yes

yes

yes

Adjusted R2

0.97

0.97

0.97

No. of Observations

91

91

91

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

14



More intriguing information

1. The Impact of Individual Investment Behavior for Retirement Welfare: Evidence from the United States and Germany
2. MATHEMATICS AS AN EXACT AND PRECISE LANGUAGE OF NATURE
3. Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria
4. The name is absent
5. AN EXPLORATION OF THE NEED FOR AND COST OF SELECTED TRADE FACILITATION MEASURES IN ASIA AND THE PACIFIC IN THE CONTEXT OF THE WTO NEGOTIATIONS
6. Clinical Teaching and OSCE in Pediatrics
7. The name is absent
8. Iconic memory or icon?
9. Intertemporal Risk Management Decisions of Farmers under Preference, Market, and Policy Dynamics
10. The name is absent