Minimum wage and food prices: an analysis of price pass-through effects |
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| Institution: | 1. RMIT University, Vietnam;2. Nanyang Technological University, Singapore and Singapore University of Social Sciences, Singapore;3. Asian Development Bank, Philippines |
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| Abstract: | An Input-Output model is used to analyze price pass-through effects of a minimum wage increase on prices of the food and kindred product and food-service industry. Although these sectors employ a disproportionate share of minimum wage workers, our results suggest a $0.50 increase in the minimum wage would minimally affect food prices. |
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