[CHRIBA BRIEF Volume 4] Impact of Minimum Wage Increases in the Hospitality Industry: New Insights II

※ The effects of minimum wage policies in the hospitality industry have been subject to much debate and scrutiny. Two recent studies on the restaurant industry have shed light on this issue, providing industry-specific insights and fostering a better understanding of the implications of minimum wage increases.

Study 2: Minimum wage increase and firm productivity: Evidence from the restaurant industry

Reference: Kim, H. S., & Jang, S. S. (2019). Minimum wage increase and firm productivity: Evidence from the restaurant industry. Tourism Management, 71, 378-388.