Hedonic-Based Labor Supply Substitution and the Ripple Effect of Minimum Wages
提出最低工资通过影响享乐补偿（即工作非货币特征与工资的权衡）来解释涟漪效应：最低工资上涨降低了低技能低吸引力工作的补偿差异，导致劳动力供给减少，雇主被迫提高工资，从而产生涟漪效应。
This paper analyzes a new explanation of the “ripple effect” of minimum wages based on how minimum wages affect hedonic compensation. Minimum wage hikes lower compensating differentials at low-skill undesirable jobs because they raise wages at the most desirable low-skill job, the minimum wage job. This change in hedonic compensation may cause some individuals to optimally leave low-wage undesirable jobs and seek more desirable employment. If labor supply falls at low-wage undesirable jobs, employers would raise wages, consistent with the ripple effect. Empirically, I provide evidence that hedonic-based labor supply substitution is taking place and contributing to the ripple effect.