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New York Fed: 'Payoffs of Higher Pay: Labor Supply and Productivity Responses to a Voluntary Firm Minimum Wage'
February 17, 2026
NEW YORK, Feb. 17 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1182) in Feb. 2026 by Natalia Emanuel and Emma Harrington entitled "The Payoffs of Higher Pay: Labor Supply and Productivity Responses to a Voluntary Firm Minimum Wage."

Here is the abstract:

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What are the returns to firms of paying more? We study a Fortune 500 firm's voluntary firm-wide $15/hour minimum wage, which affected some wa . . .

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