Table 3 Minimum wage model estimates.
From: From wages to widgets: how minimum wage hikes fuel automation
Panel least squares | ||
|---|---|---|
Model 1 | Model 2 | |
VARIABLES | Robot stock | Robot stock |
Minimum wage (log) | 1.054*** (0.160) | |
Lagged minimum wage (log) | 0.908*** (0.181) | |
Population (log) | −2.849*** (0.809) | −3.129*** (0.856) |
Growth | −0.005 (0.009) | −0.002 (0.009) |
Working-age population (log) | −4.344*** (1.934) | −4.552*** (1.955) |
Constant | 35.149*** (2.784) | 36.099*** (2.986) |
Cross-section fixed | Yes | Yes |
Period fixed | Yes | Yes |
R-squared | 0.978 | 0.973 |
Observations | 106 | 101 |
