Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLemos, Sara-
dc.description.abstractThe few price effect studies available in the literature are grounded on the standard theory prediction that if employers do not respond to minimum wage increases by reducing employment or profits, they respond by raising prices. However, none of them explicitly discusses the theoretical model underlying their empirical equation specification. This paper discusses two simple price equation specifications, assuming perfect and imperfect competition in the output market. Each of these was estimated assuming two different production functions. The data used is a Brazilian household and firm survey from 1982 to 2000. Robust results indicate that the minimum wage raises overall prices in Brazil.en_GB
dc.publisherDept. of Economics, University of Leicesteren_GB
dc.relation.ispartofseriesPapers in Economicsen_GB
dc.subjectMinimum wageen_GB
dc.subjectlabour costsen_GB
dc.subjectprice effecten_GB
dc.subjectcost shocken_GB
dc.titleEmpirical Equations to Estimate the Effect of the Minimum Wage on Pricesen_GB
Appears in Collections:Reports, Dept. of Economics

Files in This Item:
File Description SizeFormat 
dp04-24.pdf204.88 kBAdobe PDFView/Open

Items in LRA are protected by copyright, with all rights reserved, unless otherwise indicated.