The spending and debt responses to minimum wage increases
By: Daniel Aaronson, Sumit Agarwal, Eric French.
Contributors: Agarwal, Sumit.; French, Eric.; Federal Reserve Bank of Chicago. Research Dept.
Series: Working paper series -- WP-2007-23; Working paper series (Federal Reserve Bank of Chicago. Research Dept. : Online) -- WP-2007-23.
Publisher: Federal Reserve Bank of Chicago
Published: 2007
Place of publication: [Chicago, Ill.]
Language: eng
Format: Electronic resource
Description: "This paper presents estimates of the spending, debt, and income responses of households with minimum wage workers following a minimum wage hike.  We have four key findings that are inconsistent with the basic certainty equivalent life cycle model as well as simple"--Federal Reserve Bank of Chicago web site.
Notes: Title from PDF file as viewed on 1/24/2008.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.