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 |
Covered Sector Employment |
Self- | |
|
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
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