Cooper, Daniel. <br/><br/>
The Local Aggregate Effects of Minimum Wage Increases / 
Daniel Cooper, María José Luengo-Prado, Jonathan A. Parker. 
 - Cambridge, Mass.  National Bureau of Economic Research  2019. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w25761 .
 - Working Paper Series (National Bureau of Economic Research)  no. w25761. .
<br/><br/> April 2019. 
<br/><br/> 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 sub-categories of goods such as food away from home and in locations where low-wage workers are 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. 
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