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

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)

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)

–

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)

Country-year fixed effects (N = 300)

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

YES

Age dummies

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)

R ²

0.927

0.927

0.931

0.931

0.899

0.913

0.915

0.917

0.709

0.715

0.716