Price Pass-Through and the Minimum Wage
利用加拿大和美国餐厅价格数据，检验最低工资上涨是否通过价格上涨传导给消费者，并关注价格调整的时间节奏。
This paper tests a textbook consequence of competitive markets: that an industry-wide increase in the price of labor is passed on to consumers through an increase in prices. Using several data sources on restaurant prices, I explore the price impact of minimum-wage hikes in Canada and the United States. Particular attention is paid to the timing of these price responses to gauge the "stickiness" of minimum-wage cost shocks. I find that restaurant prices generally rise with changes in the wage bill and that this response is concentrated in the quarter surrounding the month during which the legislation is enacted. 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology