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- W1628416013 abstract "This article finds that a federal minimum wage hike would boost the real income and spending of minimum wage households. The impact could be sufficient to offset increasing consumer prices and declining real spending by most non-minimum-wage households and, therefore, lead to an increase in aggregate household spending. The authors calculate that a $1.75 hike in the hourly federal minimum wage could increase the level of real gross domestic product (GDP) by up to 0.3 percentage points in the near term, but with virtually no effect in the long term." @default.
- W1628416013 created "2016-06-24" @default.
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- W1628416013 date "2013-08-01" @default.
- W1628416013 modified "2023-09-24" @default.
- W1628416013 title "How Does a Federal Minimum Wage Hike Affect Aggregate Household Spending?, No. 313" @default.
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