Replication data for: The Spending and Debt Response to Minimum Wage Hikes

Eric French, Daniel Aaronson & Sumit Agarwal
Immediately following a minimum wage hike, household income rises on average by about $250 per quarter and spending by roughly $700 per quarter for households with minimum wage workers. Most of the spending response is caused by a small number of households who purchase vehicles. Furthermore, we find that the high spending levels are financed through increases in collateralized debt. Our results are consistent with a model where households can borrow against durables and face...
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