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WalMart and Wages

WalMart and Wages. Steven S. Cuellar Department of Economics Sonoma State University 1801 East Cotati Ave. Rohnert Park CA 94928. The Diffusion of Wal Mart. The First Wal Mart opened in Rogers, Arkansas in 1962. The First Wal Mart opened in Rogers, Arkansas in 1962.

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WalMart and Wages

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  1. WalMart and Wages Steven S. Cuellar Department of Economics Sonoma State University 1801 East Cotati Ave. Rohnert Park CA 94928

  2. The Diffusion of Wal Mart

  3. The First Wal Mart opened in Rogers, Arkansas in 1962

  4. The First Wal Mart opened in Rogers, Arkansas in 1962 By 2005 there were 3,243 stores in the U.S.

  5. How Can Wal Mart Reduce Wages?

  6. Competitive Model of the Labor Market Labor Market Firm Wage/Hour Wage/Hour S WC S=MC D D Labor Labor LC lC

  7. Monopsony Model of the Labor Market Monopsonist Wage/Hour MC S WC WM D Labor LD LC

  8. Overview of Wages

  9. U.S. Wage Inequality

  10. U.S. College-High School Wage Differential

  11. California

  12. Sonoma County

  13. Sonoma County • WalMart opened in Rohnert Park in 1992 • WalMart opened in Windsor in 1999

  14. Sonoma County Wages

  15. Sonoma County Wages

  16. Napa / Fairfield /Vallejo • WalMart opened in Vallejo in 1991 • WalMart opened in Fairfield in 1993 • WalMart opened in Napa in 2001

  17. Napa / Fairfield /Vallejo Wages

  18. Napa / Fairfield /Vallejo Wages

  19. Combined Data Set of Indexed Wages

  20. Regression Fitted to the Combined Data Set

  21. Preliminary Regression Results

  22. Chow Test For Structural Change Wagei = β0 + β1Timei + β2Time2i+ β3WalMart + β4WalMart*Time + β5WalMart*Time2 +ui H0: β3 = β4 = β5 =0 H1: At least one does not equal zero Chow Test F-Statistic = 13.597634 Critical F-Statistic = 2.628088

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