prminwge: prminwge

In JustinMShea/wooldridge: 115 Data Sets from "Introductory Econometrics: A Modern Approach, 7e" by Jeffrey M. Wooldridge

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)

JustinMShea/wooldridge documentation built on May 16, 2023, 12:30 p.m.