The economic impact of the 2007-2009 increases in the federal minimum wage (MW) isanalyzed using a sample of quick-service restaurants in Georgia and Alabama. Store-levelbiweekly payroll records for individual employees are used, allowing us to precisely measurethe MW compliance cost for each...

We consider an artificial population of forward looking heterogeneous agents making decisions between schooling, employment, employment with training and household production, according to a behavioral model calibrated to a large set of stylized facts. Some of these agents are subject to policy...