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. Evolutionary Clustering in Indonesian Ethnic Textile Motifs
2. The name is absent
3. Proceedings of the Fourth International Workshop on Epigenetic Robotics
4. The name is absent
5. 5th and 8th grade pupils’ and teachers’ perceptions of the relationships between teaching methods, classroom ethos, and positive affective attitudes towards learning mathematics in Japan
6. INTERPERSONAL RELATIONS AND GROUP PROCESSES
7. The name is absent
8. Bird’s Eye View to Indonesian Mass Conflict Revisiting the Fact of Self-Organized Criticality
9. Assessing Economic Complexity with Input-Output Based Measures
10. The name is absent