Table 1 Summary statistics
1984 | 1995 | 2009 | |
|---|---|---|---|
Minimum wage | |||
Log real minimum wage (1982 prices) | 3.875 | 3.992 | 4.181 |
Percentage of minimum wage earners | 4.246 | 8.533 | 14.429 |
College wage premium (Log points) | |||
All workers | 0.675 | 0.896 | 0.833 |
1-9 years of experience | 0.619 | 0.802 | 0.656 |
10-19 years of experience | 0.779 | 1.061 | 0.933 |
20-29 years of experience | 0.844 | 1.137 | 1.204 |
30+ years of experience | 0.900 | 1.123 | 1.294 |
Male | |||
Location measures | |||
10th Percentile | 3.973 | 4.066 | 4.184 |
Median | 4.306 | 4.487 | 4.549 |
90th Percentile | 4.872 | 5.236 | 5.450 |
Average | 4.379 | 4.596 | 4.719 |
Dispersion measures | |||
Standard deviation of log wages | 0.368 | 0.491 | 0.528 |
Standard errors of log wage residuals | 0.278 | 0.366 | 0.402 |
Female | |||
Location measures | |||
10th Percentile | 3.888 | 3.992 | 4.181 |
Median | 4.093 | 4.230 | 4.395 |
90th Percentile | 4.630 | 5.001 | 5.265 |
Average | 4.189 | 4.378 | 4.575 |
Dispersion measures | |||
Standard deviation of log wages | 0.309 | 0.428 | 0.463 |
Standard errors of log wage residuals | 0.231 | 0.317 | 0.330 |