Please use this identifier to cite or link to this item: https://doi.org/10.1257/aer.102.7.3111
DC FieldValue
dc.titleThe spending and debt response to minimum wage hikes
dc.contributor.authorAaronson, D.
dc.contributor.authorAgarwal, S.
dc.contributor.authorFrench, E.
dc.date.accessioned2016-05-09T10:50:29Z
dc.date.available2016-05-09T10:50:29Z
dc.date.issued2012-12
dc.identifier.citationAaronson, D., Agarwal, S., French, E. (2012-12). The spending and debt response to minimum wage hikes. American Economic Review 102 (7) : 3111-3139. ScholarBank@NUS Repository. https://doi.org/10.1257/aer.102.7.3111
dc.identifier.issn00028282
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/123844
dc.description.abstractImmediately 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. Copyright © 2012 by the American Economic Association.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1257/aer.102.7.3111
dc.sourceScopus
dc.typeReview
dc.contributor.departmentFINANCE
dc.description.doi10.1257/aer.102.7.3111
dc.description.sourcetitleAmerican Economic Review
dc.description.volume102
dc.description.issue7
dc.description.page3111-3139
dc.identifier.isiut000312093000001
Appears in Collections:Staff Publications

Show simple item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

42
checked on Jul 5, 2020

WEB OF SCIENCETM
Citations

39
checked on Jun 26, 2020

Page view(s)

75
checked on Jun 26, 2020

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.