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- Aaronson, Daniel, et al. Show all 4 Authors
- Economics letters 2019 v.177 pp. 18-21
- credit; data collection; income; unemployment
- ... Using two proprietary datasets on earnings and credit outcomes, this paper finds that both high- and low-earners take a significant and persistent hit to income after job displacement. But these losses only translate into worse credit conditions – higher credit card utilization, lower FICO scores, and a pick up in the rate of card accounts that are delinquent or over limit – among low- earners. We ...
- Aaronson, Daniel, et al. Show all 2 Author
- American journal of agricultural economics 2006 v.88 no.2 pp. 292
- agricultural economics; market prices; labor economics; wage rates; restaurants; prices; meals (menu); demand elasticities; supply elasticities; econometrics; econometric models; Consumer Price Index; United States
We use price data underlying the Consumer Price Index to assess how restaurants, whose prices are generally quite sticky, respond to minimum wage increases. Aggregate prices rise, quickly, by amounts reflecting the increase in costs, and they rise more among fast food outlets and in low-wage locations. But restaurants do not construct price increases by raising all their prices by amounts reflect ...
- Aaronson, Daniel, et al. Show all 3 Authors
- Journal of human resources 2008 v.43 no.3 pp. 688
- restaurants; restaurant foods; prices; labor market; employment; wage rates; mathematical models; United States
- ... Using store-level and aggregated Consumer Price Index data, we show that restaurant prices rise in response to minimum wage increases under several sources of identifying variation. We introduce a general model of employment determination that implies minimum wage hikes cause prices to rise in competitive labor markets but potentially fall in monopsonistic environments. Furthermore, the model impl ...