prminwge: prminwge

prminwgeR Documentation

prminwge

Description

Wooldridge Source: A.J. Castillo-Freeman and R.B. Freeman (1992), “When the Minimum Wage Really Bites: The Effect of the U.S.-Level Minimum Wage on Puerto Rico,” in Immigration and the Work Force, edited by G.J. Borjas and R.B. Freeman, 177-211. Chicago: University of Chicago Press. The data are reported in the article. Data loads lazily.

Usage

data('prminwge')

Format

A data.frame with 38 observations on 25 variables:

  • year: 1950-1987

  • avgmin: weighted avg min wge, 44 indust

  • avgwage: wghted avg hrly wge, 44 indust

  • kaitz: Kaitz min wage index

  • avgcov: wghted avg coverage, 8 indust

  • covt: economy-wide coverage of min wg

  • mfgwage: avg manuf. wage

  • prdef: Puerto Rican price deflator

  • prepop: PR employ/popul ratio

  • prepopf: PR employ/popul ratio, alter.

  • prgnp: PR GNP

  • prunemp: PR unemployment rate

  • usgnp: US GNP

  • t: time trend: 1 to 38

  • post74: time trend: starts in 1974

  • lprunemp: log(prunemp)

  • lprgnp: log(prgnp)

  • lusgnp: log(usgnp)

  • lkaitz: log(kaitz)

  • lprun_1: lprunemp[_n-1]

  • lprepop: log(prepop)

  • lprep_1: lprepop[_n-1]

  • mincov: (avgmin/avgwage)*avgcov

  • lmincov: log(mincov)

  • lavgmin: log(avgmin)

Notes

Given the ongoing debate on the employment effects of the minimum wage, this would be a great data set to try to update. The coverage rates are the most difficult variables to construct.

Used in Text: pages 356-357, 369-370, 420-421, 434

Source

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

Examples

 str(prminwge)

wooldridge documentation built on May 3, 2023, 5:06 p.m.