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Archibald, Robert B.; Feldman, David H. – Change: The Magazine of Higher Learning, 2008
Why do costs in higher education rise more rapidly than prices in general? They do so due to four factors: (1) higher education is a personal-service industry; (2) higher education relies on highly educated labor; (3) because of increased capital usage (in the form of the new technologies), higher education's reliance on highly educated labor has…
Descriptors: Higher Education, Service Occupations, Labor Force, Costs
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Aaronson, Daniel; French, Eric; MacDonald, James – Journal of Human Resources, 2008
Using store-level and aggregated Consumer Price Index data, we show that restaurant prices rise in response to minimum wage increases under several sources of identifying variation. We introduce a general model of employment determination that implies minimum wage hikes cause prices to rise in competitive labor markets but potentially fall in…
Descriptors: Minimum Wage, Labor Market, Labor, Dining Facilities