期刊
REVIEW OF ECONOMICS AND STATISTICS
卷 104, 期 5, 页码 890-908出版社
MIT PRESS
DOI: 10.1162/rest_a_00981
关键词
-
资金
- Swiss National Science Foundation [154446]
This paper estimates the impact of minimum wage increases on the prices of grocery and drug stores in the US. Using high-frequency scanner data and state-level minimum wage increases between 2001 and 2012, the study finds that a 10% increase in minimum wage leads to a 0.36% increase in grocery product prices. The research also suggests that price adjustments occur predominantly in the three months following the passage of minimum wage legislation, indicating forward-looking pricing in the grocery industry.
This paper estimates the pass-through of minimum wage increases into the prices of U.S. grocery and drug stores. We use high-frequency scanner data and leverage a large number of state-level increases in minimum wages between 2001 and 2012. We find that a 10% minimum wage hike translates into a 0.36% increase in the prices of grocery products. This magnitude is consistent with a full pass-through of cost increases into consumer prices. We show that price adjustments occur mostly in the three months following the passage of minimum wage legislation rather than after implementation, suggesting that pricing of groceries is forward-looking.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据