Wage increase 10%. Demand elasticities from Slaughter (2001) | ||||||
0.04 | $5,363,499.11 | $617,243.59 | $887,908.48 | $2,940,000.57 | $918,346.47 | |
0.06 | $8,045,248.66 | $925,865.38 | $1,331,862.72 | $4,410,000.86 | $1,377,519.70 | |
0.09 | $12,067,872.99 | $1,388,798.07 | $1,997,794.07 | $6,615,001.28 | $2,066,279.55 | |
0.11 | $14,749,622.54 | $1,697,419.87 | $2,441,748.31 | $8,085,001.57 | $2,525,452.79 | |
0.15 | $20,113,121.64 | $2,314,663.46 | $3,329,656.79 | $11,025,002.14 | $3,443,799.26 | |
Wage increase 10%. Demand elasticities from Bruno et al. (2003) | ||||||
Deadweight Loss Due to Mandatory Certification. Sensitivity to demand elasticities. Wage increase 10%. | ||||||
0.31 | $166,268,472.26 | $19,134,551.25 | $27,525,162.80 | $91,140,017.70 | $28,468,740.51 | |
0.416 | $223,121,562.77 | $25,677,333.29 | $36,936,992.66 | $122,304,023.75 | $38,203,213.07 | |
0.459 | $246,184,608.93 | $28,331,480.72 | $40,754,999.12 | $134,946,026.20 | $42,152,102.89 | |
0.533 | $285,874,502.30 | $32,899,083.28 | $47,325,521.85 | $156,702,030.43 | $48,947,866.75 | |
0.583 | $312,691,997.83 | $35,985,301.22 | $51,765,064.24 | $171,402,033.28 | $53,539,599.09 | |
0.737 | $395,289,884.05 | $45,490,852.49 | $65,438,854.79 | $216,678,042.07 | $67,682,134.70 | |
0.751 | $402,798,782.80 | $46,354,993.51 | $66,681,926.66 | $220,794,042.87 | $68,967,819.76 | |
0.881 | $472,524,271.16 | $54,379,160.16 | $78,224,736.87 | $259,014,050.29 | $80,906,323.84 | |
0.909 | $487,542,068.66 | $56,107,442.21 | $80,710,880.60 | $267,246,051.89 | $83,477,693.95 | |
0.961 | $515,432,264.01 | $59,317,108.87 | $85,328,004.69 | $282,534,054.86 | $88,253,095.59 | |
1.056 | $566,385,505.50 | $65,180,922.96 | $93,763,135.22 | $310,464,060.28 | $96,977,387.04 | |
Wage increase 10%. Demand elasticities from Navaretti et al. (2003) | ||||||
0.24 | $128,723,978.52 | $14,813,846.13 | $21,309,803.46 | $70,560,013.70 | $22,040,315.24 | |
0.36 | $193,085,967.79 | $22,220,769.19 | $31,964,705.19 | $105,840,020.55 | $33,060,472.85 | |
0.43 | $230,630,461.52 | $26,541,474.31 | $38,180,064.53 | $126,420,024.55 | $39,488,898.13 | |
0.58 | $311,082,948.10 | $35,800,128.14 | $51,498,691.69 | $170,520,033.11 | $53,264,095.15 | |
0.59 | $316,446,447.20 | $36,417,371.73 | $52,386,600.17 | $173,460,033.68 | $54,182,441.62 | |
0.63 | $337,900,443.62 | $38,886,346.09 | $55,938,234.08 | $185,220,035.96 | $57,855,827.49 | |
0.65 | $348,627,441.84 | $40,120,833.26 | $57,714,051.04 | $191,100,037.11 | $59,692,520.43 | |
0.68 | $364,717,939.15 | $41,972,564.03 | $60,377,776.47 | $199,920,038.82 | $62,447,559.83 | |
0.7 | $375,444,937.36 | $43,207,051.21 | $62,153,593.42 | $205,800,039.96 | $64,284,252.77 | |
Wage increase 10%. Demand elasticities from Slaughter (2001) | ||||||
0.04 | $21,453,996.42 | $2,468,974.35 | $3,551,633.91 | $11,760,002.28 | $3,673,385.87 | |
0.06 | $32,180,994.63 | $3,703,461.53 | $5,327,450.86 | $17,640,003.43 | $5,510,078.81 | |
0.09 | $48,271,491.95 | $5,555,192.30 | $7,991,176.30 | $26,460,005.14 | $8,265,118.21 | |
0.11 | $58,998,490.16 | $6,789,679.48 | $9,766,993.25 | $32,340,006.28 | $10,101,811.15 | |
0.15 | $80,452,486.58 | $9,258,653.83 | $13,318,627.16 | $44,100,008.56 | $13,775,197.02 | |
Wage increase 10%. Demand elasticities from Bruno et al. (2003) | ||||||