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Replication data for: The Spending and Debt Response to Minimum Wage Hikes

Version
V0
Resource Type
Dataset
Creator
  • Aaronson, Daniel
  • Agarwal, Sumit
  • French, Eric
Publication Date
2012-12-01
Description
  • Abstract

    Immediately following a minimum wage hike, household income rises on average by about $250 per quarter and spending by roughly $700 per quarter for households with minimum wage workers. Most of the spending response is caused by a small number of households who purchase vehicles. Furthermore, we find that the high spending levels are financed through increases in collateralized debt. Our results are consistent with a model where households can borrow against durables and face costs of adjusting their durables stock. (JEL D12, D14, D91, J38)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.102.7.3111 (Text)
Publications
  • Aaronson, Daniel, Sumit Agarwal, and Eric French. “The Spending and Debt Response to Minimum Wage Hikes.” American Economic Review 102, no. 7 (December 2012): 3111–39. https://doi.org/10.1257/aer.102.7.3111.
    • ID: 10.1257/aer.102.7.3111 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 1 | Registration Date: 2020-05-18

Aaronson, Daniel; Agarwal, Sumit; French, Eric (2012): Replication data for: The Spending and Debt Response to Minimum Wage Hikes. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116110