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)