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The Impact of Government Policies on Retail Prices and Welfare
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| 자료유형 | 학위논문 |
|---|---|
| 서명/저자사항 | The Impact of Government Policies on Retail Prices and Welfare. |
| 개인저자 | Leung, Justin Hilyin. |
| 단체저자명 | The University of Chicago. Business. |
| 발행사항 | [S.l.]: The University of Chicago., 2019. |
| 발행사항 | Ann Arbor: ProQuest Dissertations & Theses, 2019. |
| 형태사항 | 200 p. |
| 기본자료 저록 | Dissertations Abstracts International 81-02A. Dissertation Abstract International |
| ISBN | 9781085569316 |
| 학위논문주기 | Thesis (Ph.D.)--The University of Chicago, 2019. |
| 일반주기 |
Source: Dissertations Abstracts International, Volume: 81-02, Section: A.
Advisor: Bertrand, Marianne. |
| 이용제한사항 | This item must not be sold to any third party vendors. |
| 요약 | This dissertation is composed of two chapters studying the impact of government policies on retail prices and welfare. The first chapter estimates the impact of the minimum wage on retail prices using store-level scanner data. I provide empirical evidence that a 10% increase in the minimum wage raises grocery store prices by 0.6%-0.8%, and suggest that the minimum wage not only raises labor costs but also affects product demand, especially in poorer regions. This points to novel channels of heterogeneity in pass-through that have distributional consequences, with key implications for real wage inequality. The second chapter estimates the impact of the Supplemental Nutrition Assistance Program (SNAP, formerly the Food Stamp Program) on retail prices, sales, and household consumption. We develop a theoretical partial equilibrium framework to calculate the local incidence of SNAP benefits for SNAP-eligible products, using our reduced-form estimates as sufficient statistics. We find that producers mostly benefit at the expense of non-SNAP households due to market power. A marginal dollar of SNAP benefits increases producer surplus by about $0.5, increases SNAP consumer surplus by about $0.7, and decreases non-SNAP consumer surplus by about $0.4. If the objective of SNAP is to guarantee a floor of real spending power on food, federal maximum benefits should be increased by about 10% to account for the price response. |
| 일반주제명 | Economics. Public policy. |
| 언어 | 영어 |
| 바로가기 | 
: 이 자료의 원문은 한국교육학술정보원에서 제공합니다. |
