The Impact of Minimum Wage Increases on Food and Kindred Products Prices: An Analysis of Price Pass-Through
by Chinkook Lee and Brian O'Roark
Technical Bulletin No. (TB-1877) 25 pp, August 1999
An 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.
Keywords: minimum wage, input-output analysis, food and kindred products industries, eating and drinking places
In this publication...
Need help with PDFs?