| | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|
Informality | 0.23 | − | 0.48∗∗ | 0.67∗∗ | 0.93∗∗ | 0.50∗∗ | 0.36∗∗ |
| | (0.17) | | (0.18) | (0.27) | (0.34) | (0.19) | (0.15) |
MW / AW | − | 0.17 | 0.47∗∗ | 0.42∗∗ | 0.44∗∗ | 0.44∗∗ | 0.45∗∗ |
| | | (0.19) | (0.20) | (0.20) | (0.19) | (0.19) | (0.20) |
Constant | 4.05∗∗ | −1.09 | −16.56∗ | −13.17 | −14.42∗ | −14.48∗ | −15.71∗ |
| | (1.55) | (7.63) | (8.76) | (8.32) | (8.08) | (8.28) | (8.92) |
R2 | 0.10 | 0.05 | 0.35 | 0.32 | 0.36 | 0.35 | 0.32 |
Obs. | | | | 18 | | | |
- a. Dependent variable is spike at minimum wage level in 2006 (except for the Netherlands: 2005).
- b. The variable “Informality” refers to the period 2006/2007 and is given by (see note on Table1 for details): Def 1 for columns 1) and 3), Def 2/3/4/5 for columns 4), 5), 6), 7), respectively.
- c. The variable “MW/AW” is given by the minimum monthly wage as a proportion of average monthly earnings in industry and services for 2006 (except for France: 2007).
- d. OLS estimation. Standard errors in parenthesis.
- e. *** [**] (*) denote significance at 1, [5], and (10) percent level.
