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Table 3 Estimation results of model (2) for countries with minimum wages (N = 1200)

From: Youth minimum wages and youth employment

  Employment rate Labor force participation rate Unemployment rate
  (i) (ii) (iii) (iv) (i) (ii) (iii) (iv) (i) (ii) (iii) (iv)
Youth minimum wage dummy, for whom it applies 7.87*
(4.50)
1.60
(4.82)
3.26
(3.91)
1.74
(4.35)
9.58*
(5.04)
1.08
(5.03)
3.85
(4.24)
1.23 (4.53) −2.26
(2.74)
−0.26
(3.07)
−0.99
(2.73)
−0.30
(2.97)
Relative youth minimum wage
(% of the adult wage rate)
−41.35***
(12.07)
−16.78
(15.60)
−56.07***
(13.42)
−28.89*
(16.52)
13.18
(9.09)
7.62
(13.35)
Youth minimum wage
(% of the median wage)
  −72.20***
(17.12)
−56.12**
(22.08)
−89.76***
(23.20)
−62.07**
(25.62)
20.00
(11.67)
12.69
(16.78)
Country-year fixed effects (N = 300) YES YES YES YES YES YES YES YES YES YES YES YES
Age dummies YES YES YES YES YES YES YES YES YES YES YES YES
Intercept 15.12***
(2.06)
54.76***
(11.01)
46.10***
(6.53)
55.29 ***
(9.43)
19.48***
(2.65)
73.23***
(11.85)
58.00***
(8.88)
73.82***
(9.88)
28.37***
(1.86)
15.73*
(8.05)
19.78***
(4.80)
15.61*
(7.70)
R 2 0.927 0.927 0.931 0.931 0.899 0.913 0.915 0.917 0.709 0.715 0.716 0.717
  1. Note: Standard errors, which are clustered at the level of countries, are shown in parentheses
  2. */**/*** indicate significance at the level of 10%/5%/1%