The Spending and Debt Response to Minimum Wage Hikes
研究发现最低工资上调后，有最低工资工人的家庭每季度收入增加约250美元，支出增加约700美元，其中大部分支出用于购车，并通过增加抵押债务来融资。
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 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.