Restaurant Prices and the Minimum Wage
利用法国消费者价格指数中的个体价格数据，研究最低工资对餐厅价格的影响，发现最低工资上涨会推高价格，但传导过程缓慢，需一年以上才能完全反映到零售价格中。
In this paper, we examine the effect of the minimum wage on restaurant prices. We contribute both to the study of economic impact of the minimum wage and to the study of microeconomic patterns of price stickiness. For this purpose, we use a unique data set of individual price quotes collected to calculate the Consumer Price Index in France and we estimate a price rigidity model based on a flexible rule. We find a positive and significant impact of the minimum wage on prices. The effect of the minimum wage on prices is, however, very protracted. A change in the minimum wage takes more than a year to fully pass through to retail prices.