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Direct linkAaronson, Daniel; French, Eric; MacDonald, James – Journal of Human Resources, 2008
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…
Descriptors: Minimum Wage, Labor Market, Labor, Dining Facilities
Peer reviewedSchwartz, Amy Ellen; Scafidi, Benjamin – Journal of Human Resources, 2004
Hedonic models of the price of college to construct quality-adjusted net price indexes for U.S. four-year colleges were estimated. A 22 percent decline in the estimated price index is reported by adjusting for financial aid, while quality adjusting results lead to a smaller decline, for academic years 1990-91 to 1994-95.
Descriptors: Cost Indexes, Paying for College, Models, Higher Education
