# RDP 2018-06: The Effect of Minimum Wage Increases on Wages, Hours Worked and Job Loss Equation (1)

$y ikt = β 0 + λ t ′ β 1 + β 2 FW C k + β 3 ( d t ∗FW C k )+ ε ikt MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaBaaaleaacaWGPbGaam4AaiaadshaaeqaaOGaeyypa0JaeqOSdi2aaSbaaSqaaiaaicdaaeqaaOGaey4kaSIaeq4UdW2aa0baaSqaaiaadshaaeaaiiaacqWFYaIOaaGccqaHYoGydaWgaaWcbaGaaGymaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGaaGOmaaqabaGccaWGgbGaam4vaiaadoeadaWgaaWcbaGaam4AaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGaaG4maaqabaGcdaqadaqaaiaadsgadaWgaaWcbaGaamiDaaqabaGccqGHxiIkcaWGgbGaam4vaiaadoeadaWgaaWcbaGaam4AaaqabaaakiaawIcacaGLPaaacqGHRaWkcqaH1oqzdaWgaaWcbaGaamyAaiaadUgacaWG0baabeaaaaa@5DA2@$