minwage

Description

Wooldridge Source: P. Wolfson and D. Belman (2004), “The Minimum Wage: Consequences for Prices and Quantities in Low-Wage Labor Markets,” Journal of Business & Economic Statistics 22, 296-311. Professor Belman kindly provided the data. Data loads lazily.

Usage

data('minwage')

Format

A data.frame with 612 observations on 58 variables:

• emp232: employment, sector 232, 1000s

• wage232: hourly wage, sector 232, $

• emp236:

• wage236:

• emp234:

• wage234:

• emp314:

• wage314:

• emp228:

• wage228:

• emp233:

• wage233:

• emp394:

• wage394:

• emp231:

• wage231:

• emp226:

• wage226:

• emp387:

• wage387:

• emp056:

• wage056:

• unem: civilian unemployment rate, percent

• cpi: Consumer Price Index (urban), 1982-1984 = 100

• minwage: Federal minimum wage, $/hour

• lemp232: log(emp232)

• lwage232: log(wage232)

• gemp232: lemp232 - lemp232[_n-1]

• gwage232: lwage232 - lwage232[_n-1]

• lminwage: log(minwage)

• gmwage: lminwage - lminwage[_n-1]

• gmwage_1: gmwage[_n-1]

• gmwage_2:

• gmwage_3:

• gmwage_4:

• gmwage_5:

• gmwage_6:

• gmwage_7:

• gmwage_8:

• gmwage_9:

• gmwage_10:

• gmwage_11:

• gmwage_12:

• lemp236:

• gcpi: lcpi - lcpi[_n-1]

• lcpi: log(cpi)

• lwage236:

• gemp236:

• gwage236:

• lemp234:

• lwage234:

• gemp234:

• gwage234:

• lemp314:

• lwage314:

• gemp314:

• gwage314:

• t: linear time trend, 1 to 612

Notes

The sectors corresponding to the different numbers in the data file are provided in the Wolfson and Bellman and article.

Used in Text: pages 379, 410, 444-445, 674-675

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Examples

 str(minwage)