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Table 5 Estimates of minimum wage effects on the employment-to-population ratio

From: Minimum wages and employment in China

Dependent variable: log (Employment/Population)

Young adults (Age 15–29)

At-risk group

Entire sample

Independent variables (log)

(1)

(2)

(1)

(2)

(1)

(2)

 

A. All Regions

MW, current year

−.088**

−.062

−.213*

−.200

−.055***

−.045**

 

(.042)

(.043)

(.128)

(.129)

(.018)

(.018)

MW, lagged 1 year

−.156***

−.136***

−.340***

−.265***

−.031***

−.028**

 

(.040)

(.042)

(.102)

(.102)

(.012)

(.011)

MW, sum current and lagged

−.244***

−.198***

−.552***

−.465**

−.086***

−.073***

 

(.055)

(.058)

(.192)

(.195)

(.019)

(.019)

Other controls

No

Yes

No

Yes

No

Yes

R 2

.144

.218

.024

.025

.079

.091

Number of counties per year

649

649

562

562

661

661

Average obs. per county per year

270

270

170

170

1658

1658

 

B. East

MW, current year

−.234***

−.154**

−.201

−.213

−.068***

−.067**

 

(.047)

(.070)

(.219)

(.220)

(.025)

(.027)

MW, lagged 1 year

−.100**

−.046

−.322**

−.310**

−.018

−.015

 

(.048)

(.057)

(.128)

(.124)

(.020)

(.020)

MW, sum current and lagged

−.334***

−.201**

−.523*

−.523*

−.086***

−.082***

 

(.043)

(.097)

(.307)

(.304)

(.020)

(.025)

Other controls

No

Yes

No

Yes

No

Yes

R 2

.213

.223

.041

.056

.084

.085

Number of counties per year

286

286

253

253

289

289

Average obs. per county per year

329

329

180

180

1917

1917

 

C. Central

MW, current year

−.032

−.034

−.297

−.272

−.039

−.039

 

(.068)

(.070)

(.181)

(.177)

(.025)

(.026)

MW, lagged 1 year

−.216***

−.216***

−.336*

−.310*

−.041***

−.042***

 

(.061)

(.061)

(.174)

(.184)

(.015)

(.014)

MW, sum current and lagged

−.248***

−.250***

−.632**

−.582*

−.080***

−.081***

 

(.090)

(.093)

(.297)

(.302)

(.030)

(.031)

Other controls

No

Yes

No

Yes

No

Yes

R 2

.129

.151

.031

.043

.094

.133

Number of counties per year

273

273

230

230

279

279

Average obs. per county per year

214

214

154

154

1385

1385

 

D. West

MW, current year

.088

−.037

.018

.022

−.096

−.069

 

(.114)

(.106)

(.208)

(.223)

(.063)

(.064)

MW, lagged 1 year

.124

−.153

.000

.124

.055

−.005

 

(.107)

(.110)

(.258)

(.276)

(.075)

(.043)

MW, sum current and lagged

.212

−.191

.018

.146

−.041

−.074

 

(.191)

(.161)

(.321)

(.384)

(.080)

(.096)

Other controls

No

Yes

No

Yes

No

Yes

R 2

.153

.169

.014

.051

.015

.043

Number of counties per year

90

90

79

79

93

93

Average obs. per county per year

250

250

181

181

1673

1673

  1. Cluster-robust standard errors at the county level are in parentheses. All variables in the table are at the county level, except that CPI is at the city level. At-risk groups are workers whose monthly wages are between the old and new minimum wage standards. Among young adults, less than 3 percent are at-risk groups in each region; likewise, among at-risk group, less than 3 percent are young adults in each region. Each estimation has controlled for year and county fixed effects
  2. ***Statistically significant at the 1 percent level; **at the 5 percent level; *at the 10 percent level