Table 11 Explanatory variable definition
From: How do firms adjust to rises in the minimum wage? Survey evidence from Central and Eastern Europe
Name | Description | Values |
|---|---|---|
Sector | Sector breakdown constructed from NACE sectors | 1 ‘Manufacturing’ |
2 ‘Electricity, gas, water’ | ||
3 ‘Construction’ | ||
4 ‘Trade’ | ||
5 ‘Business services’ | ||
6 ‘Financial intermediation’ | ||
8 ‘Arts’ | ||
Size | Agreed size distribution | 1 ‘5–19’ 2 ‘20–49’ |
3 ‘50–199’ 4 ‘200+’ | ||
Ownership | Ownership status | = 0 ‘Mainly domestic’ |
= 1 ‘Mainly foreign’ | ||
Demand | Change in level of demand for main products/ services in 2010–2013 | 1 = Strong decrease |
2 = Moderate decrease | ||
3 = Unchanged | ||
4 = Moderate increase | ||
5 = Strong increase | ||
Access to external finance | Change in level of access to external finance in 2010–2013 | 1 = Strong decrease |
2 = Moderate decrease | ||
3 = Unchanged | ||
4 = Moderate increase | ||
5 = Strong increase | ||
Collective agreement | Collective pay agreement outside or inside firm | = 1 if there is such agreement, = 0 otherwise |
Share of minimum wage employees | Share of employees receiving the minimum wage in total number of employees before the increase in the minimum wage | = 1 if share of employees earning minimum wage is bigger than 0%; |
= 0 otherwise |