Minimum Wage Increases and Employer Performance: Role of Employer Heterogeneity

Despite a large minimum wage literature that analyzes employee outcomes, there is less evidence on firm performance, prices, and quality. Exploiting staggered changes in U.S. minimum wages during 2000–2008 and census data on more than 29,000 hotel properties, we find that doubling the minimum wage a...

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Bibliographic Details
Published in:Management science 2024-01, Vol.70 (1), p.225-254
Main Authors: Agarwal, Sumit, Ayyagari, Meghana, Kosová, Renáta
Format: Article
Language:English
Subjects:
Censuses
Consumers
Customers
Employers
Employment policies
entry rates
Financial performance
firm performance
hotel industry
Hotels & motels
Labor market
Minimum wage
minimum wages
Occupancy
Organizational effectiveness
Organizational performance
Prices
Property
Regulation
Revenue
Wages & salaries
Workers' rights
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