The Impact of Minimum Wage Increases on Food and Kindred Products Prices: An Analysis of Price Pass-Through
AbstractAn input-output model is used to analyze price pass-through effects of a minimum wage increase on prices of the food and kindred products and food-service industries. These sectors employ a disproportionate share of minimum wage workers, but results suggest a $0.50 increase in the present minimum wage would increase food prices less than 1 percent for most of the 12 food and kindred products prices and 1 percent at eating and drinking places.
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Bibliographic InfoPaper provided by United States Department of Agriculture, Economic Research Service in its series Technical Bulletins with number 33553.
Date of creation: 1999
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minimum wage; input-output analysis; food and kindred products industries; eating and drinking places; Demand and Price Analysis; Labor and Human Capital;
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