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Table 1 Summary statistics

From: Underreporting of earnings and the minimum wage spike

Ā 

Mean

Std. Dev.

Min

Max

Spike

5.62

4.46

0.96

15.10

Informality Definition 1

6.89

6.26

1.00

23.00

Informality Definition 2

2.96

4.09

0.01

16.19

Informality Definition 3

2.54

3.17

0.00

11.04

Informality Definition 4

4.94

5.78

0.00

20.47

Informality Definition 5

9.61

7.83

1.00

30.00

Kaitz Index

40.00

5.76

30.20

50.40

  1. ā€œSpikeā€ is spike at minimum wage level in 2006 (except for the Netherlands: 2005) in %.
  2. ā€œInformalityā€ refers to the period 2006/2007 and is given by:
  3. Def 1: % of YES on question about employer paying cashā€inā€hand in the last 12 months;
  4. Def 2: as in Def 1 multiplied by % of gross yearly income in the main job paid cashā€inā€hand;
  5. Def 3: as in Def 1 multiplied by % of employees receiving cashā€inā€hand as part of remuneration for regular job;
  6. Def 4: as in Def 3 including also employees receiving cashā€inā€hand for both regular job and overtime hours;
  7. Def 5: as in Def 1 including also those refusing to answer the question;
  8. ā€œKaitz Indexā€ is given by the minimum monthly wage as a % of average monthly earnings in industry and services for 2006 (except for France: 2007).