The Local Aggregate Effects of Minimum Wage Increases
利用城市间最低工资差异，研究发现最低工资上涨会温和推高价格和名义支出，并影响家庭债务结构，对低信用评分家庭减少总债务，增加汽车债务和信贷获取。
Abstract Using variation in minimum wages across cities and controlling for differences in business‐cycle factors and long‐run local economic trends, we find that following minimum wage increases, both, prices and nominal spending rise modestly. These gains are larger for certain subcategories of goods such as food away from home and in locations where low‐wage workers account for a larger share of employment. Further, minimum wage increases are associated with reduced total debt among households with low credit scores, higher auto debt, and increased access to credit.