Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula
Minimum wage policies were designed to raise the wages of low-skilled workers. In this study, we use data from the Thai Labor Force Survey (2011-2020) to examine the impact of the minimum wage policy on the wage distribution using a quantile regression model corrected for sample selection with a cop...
Saved in:
Main Authors: | , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
UUM Press
2022
|
Subjects: | |
Online Access: | https://repo.uum.edu.my/id/eprint/29166/1/JTOM%2017%2002%202022%2040-50.pdf https://repo.uum.edu.my/id/eprint/29166/ https://doi.org/10.32890/jtom2022.17.2.4 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.uum.repo.29166 |
---|---|
record_format |
eprints |
spelling |
my.uum.repo.291662023-02-09T02:41:11Z https://repo.uum.edu.my/id/eprint/29166/ Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula Pherng, Wittawat Buddhawongsa, Piyaluk Leurcharusmee, Supanika Maneejuk, Paravee TS Manufactures Minimum wage policies were designed to raise the wages of low-skilled workers. In this study, we use data from the Thai Labor Force Survey (2011-2020) to examine the impact of the minimum wage policy on the wage distribution using a quantile regression model corrected for sample selection with a copula. We find that the minimum wage has the strongest effect on the lowest quantile and the effect decreases toward the higher quantiles. This confirms the effectiveness of the minimum wage policy in raising the wages of low-income individuals. In addition, there is also a spill-over effect on individuals in higher wage quantiles. The effect of the minimum wage estimated by our model is smaller compared to the standard quantile regression. This suggests that without correcting for sampling bias, the estimated effect of the minimum wage leads to an upward bias UUM Press 2022 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/29166/1/JTOM%2017%2002%202022%2040-50.pdf Pherng, Wittawat and Buddhawongsa, Piyaluk and Leurcharusmee, Supanika and Maneejuk, Paravee (2022) Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula. Journal of Technology and Operations Management, 17 (2). pp. 40-50. ISSN 2590-4175 (Online) https://doi.org/10.32890/jtom2022.17.2.4 |
institution |
Universiti Utara Malaysia |
building |
UUM Library |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
Universiti Utara Malaysia |
content_source |
UUM Institutional Repository |
url_provider |
http://repo.uum.edu.my/ |
language |
English |
topic |
TS Manufactures |
spellingShingle |
TS Manufactures Pherng, Wittawat Buddhawongsa, Piyaluk Leurcharusmee, Supanika Maneejuk, Paravee Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula |
description |
Minimum wage policies were designed to raise the wages of low-skilled workers. In this study, we use data from the Thai Labor Force Survey (2011-2020) to examine the impact of the minimum wage policy on the wage distribution using a quantile regression model corrected for sample selection with a copula. We find that the minimum wage has the strongest effect on the lowest quantile and the effect decreases toward the higher quantiles. This confirms the effectiveness of the minimum wage policy in raising the wages of low-income individuals. In addition, there is also a spill-over effect on individuals in higher wage quantiles. The effect of the minimum wage estimated by our model is smaller compared to the standard quantile regression. This suggests that without correcting for sampling bias, the estimated effect of the minimum wage leads to an upward bias |
format |
Article |
author |
Pherng, Wittawat Buddhawongsa, Piyaluk Leurcharusmee, Supanika Maneejuk, Paravee |
author_facet |
Pherng, Wittawat Buddhawongsa, Piyaluk Leurcharusmee, Supanika Maneejuk, Paravee |
author_sort |
Pherng, Wittawat |
title |
Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula |
title_short |
Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula |
title_full |
Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula |
title_fullStr |
Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula |
title_full_unstemmed |
Minimum Wages and Wage Distribution in Thailand: A Quantile Selection Model with Copula |
title_sort |
minimum wages and wage distribution in thailand: a quantile selection model with copula |
publisher |
UUM Press |
publishDate |
2022 |
url |
https://repo.uum.edu.my/id/eprint/29166/1/JTOM%2017%2002%202022%2040-50.pdf https://repo.uum.edu.my/id/eprint/29166/ https://doi.org/10.32890/jtom2022.17.2.4 |
_version_ |
1758580956770336768 |
score |
13.18916 |