scholarly journals Spillover Effects of Minimum Wages: Theory and Experimental Evidence

2011 ◽  
Author(s):  
Marcus Dittrich ◽  
Andreas Knabe ◽  
Kristina Leipold
2021 ◽  
Author(s):  
Ellora Derenoncourt ◽  
Clemens Noelke ◽  
David Weil

2019 ◽  
Author(s):  
Julián Aramburu ◽  
Lucas Figal Garone ◽  
Alessandro Maffioli ◽  
Lina Salazar ◽  
Cesar Augusto Lopez

2021 ◽  
Author(s):  
Ellora Derenoncourt ◽  
Clemens Noelke ◽  
David Weil ◽  
Bledi Taska

Author(s):  
Lisa J Dettling ◽  
Joanne W Hsu

Abstract This paper examines how minimum wages affect lender and borrower interactions with consumer credit markets. We find that higher state minimum wages increase the supply of unsecured credit, reduce payday loan usage, decrease delinquency, and increase credit scores. Overall, minimum wages reduce borrowing costs and have positive spillover effects on disposable income and liquidity. A back-of-the-envelope of the cost savings indicates that higher minimum wages increase disposable income by 1.3% more than implied by estimates of the direct effect on earnings.


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