An input-output model is used to analyze price pass-through effects of a minimum wage increase on prices of the food and kindred products and food-service industries. These sectors employ a disproportionate share of minimum wage workers, but results suggest a $0.50 increase in the present...

Food demand may be somewhat more price inelastic than previously estimated. The simple four-equation model developed here provides a formal empirical framework linking food demand to supply. Medium-range forecasts indicate that food prices may continue to rise slightly faster than average prices...

Cross-price elasticities are updated in this report, using the World Bank’s 2005 International Comparison Program (ICP) data for 9 major consumption categories across 144 countries. The 2005 ICP offers the most recent consistent data set for such a large number of countries. The consumption...

Econometric analysis of price data indicates that the new beef grading standards adopted in early 1976 have accomplished one of their major objectives--the price differentials between quality-yield grade combinations have widened, but the overall demand for beef has not been affected.

Increased advertising expenditures raised fluid milk sales nearly 5 percent, or by about 7,455 million pounds, during September 1984-September 1991. Sales of natural and processed cheese consumed at home rose by about 25 million pounds and 290 million pounds in the same period because of...

Consumer demand for food is an important component of the structure within which various agricultural policies have been formulated. To provide a model for food consumption forecasts and analyses of food program effects, a complete set of food demand relationships consisting of direct-and...