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Product market evidence on the employment effects of the minimum wage

Aaronson, Daniel (contributor); French, Eric (contributor) - 2003 - [Elektronische Ressource]

"We calibrate a model of labor demand to infer the employment responseto a change in the minimum wage in the food away from home industry. Assuming a perfectly competi- tive labor market, the model predicts a 2.5 to 3.5 percent fall in employment in response to a 10 percent minimum wage change....

Persistent link: https://www.econbiz.de/10001920665

Firm Dynamics and the Minimum Wage: A Putty-Clay Approach

Aaronson, Daniel; French, Eric; Sorkin, Isaac - Federal Reserve Bank of Chicago - 2013

We document two new facts about the market-level response to minimum wage hikes: firm exit and entry both rise. These results pose a puzzle: canonical models of firm dynamics predict that exit rises but that entry falls. We develop a model of firm dynamics based on putty-clay technology and show...

Persistent link: https://www.econbiz.de/10010739555

The consumption response to minimum wage increases

Aaronson, Daniel; Agarwal, Sumit; French, Eric - Federal Reserve Bank of Chicago - 2008

This paper presents evidence that spending increases more than income, and thus debt rises, in households with minimum …

Persistent link: https://www.econbiz.de/10005520001

Revised estimates of intergenerational income mobility in the United States

Mazumder, Bhashkar (contributor) - 2003 - [Elektronische Ressource]

"Solon's (1992) landmark study estimated the intergenerational elasticity (IGE) in income between fathers and sons to …

Persistent link: https://www.econbiz.de/10001920632

Who is unbanked, and why: results from a large, new survey of low- and moderate-income individuals

Vermilyea, Todd; Wilcox, James A. - Federal Reserve Bank of Chicago - 2002

This paper uses data from a new, large survey to estimate the demand for financial services of low-and-moderate income … particularly difficult (and likely very costly) for the very poor is consonant with our findings that those with less income …

Persistent link: https://www.econbiz.de/10010724149

Financial investment in the inner city a confluence of interest

Woodson, Robert L.; Sr. - Federal Reserve Bank of Chicago - 2001

Persistent link: https://www.econbiz.de/10010724553

Borrowing during unemployment: unsecured debt as a safety net

Sullivan, James X. - Federal Reserve Bank of Chicago - 2005

in unsecured debt has been particularly striking for low-income households. Some researchers have suggested that poor … these lost earning via other income sources, showing that consumption falls in response to these earnings shortfalls. I also … sufficient access to unsecured credit to help smooth consumption in response to transitory income shocks. …

Persistent link: https://www.econbiz.de/10010724635

Pay for percentile

Barlevy, Gadi; Neal, Derek - Federal Reserve Bank of Chicago - 2009

We propose an incentive pay scheme for educators that links educator compensation to the ranks of their students within appropriately defined comparison sets, and we show that under certain conditions our scheme induces teachers to allocate socially optimal levels of effort to all students....

Persistent link: https://www.econbiz.de/10008636092

Paying for performance: the education impacts of a community college scholarship program for low-income adults

Barrow, Lisa; Brock, Thomas; Richburg-Hayes, Lashawn; … - Federal Reserve Bank of Chicago - 2009

We evaluate educational outcomes from an experiment which randomly assigned performancebased scholarship eligibility to students on community college campuses. Scholarships were awarded in three payments each semester over the course of two semesters. Payments were tied to students meeting two...

Persistent link: https://www.econbiz.de/10008636101

The effect of state fiscal reform on population heterogeneity

Aaronson, Daniel - Federal Reserve Bank of Chicago - 1996

This paper tests whether state fiscal policy alters neighborhood income homogeneity. One implication of the Tiebout … decrease in neighborhood income homogeneity. …

Persistent link: https://www.econbiz.de/10005410909