Aaronson, Daniel; Agarwal, Sumit; French, Eric - In: American Economic Review 102 (2012) 7, pp. 3111-39
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...