It should be mentioned that the distinction between wage and non-wage employment is very important in the context of Thailand, whose economy consists of a large informal sector which is partly represented by non-wage occupations. It can be inferred from panels II and III of Figure 2 that the increase in the minimum wage has brought more workers out of informality and into formal sector employment. This can be seen from the significant negative long-run employment elasticity for both population groups and the positive time paths of wage employment elasticity throughout the entire 6-quarter window after the increase in the minimum wage.[6]