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…

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.

Based on estimates of differences in costs for school personnel and transportation in Missouri school districts, a cost-of-education index is computed, patterns of cost variation examined, and the impact of state aid allocations determined. Some conclusions are drawn as to implementing a cost index as part of school finance policy. (MF)