全球智库信息集成服务系统(G2TT): Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25806
来源ID	Working Paper 25806
	Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit
	Dara Lee Luca; Michael Luca
发表日期	2019-05-06
出版年	2019
语种	英语
摘要	We study the impact of the minimum wage on firm exit in the restaurant industry, exploiting recent changes in the minimum wage at the city level. We find that the impact of the minimum wage depends on whether a restaurant was already close to the margin of exit. Restaurants with lower ratings are closer to the margin of exit on average, and are disproportionately driven out of business by increases to the minimum wage. Our point estimates suggest that a one dollar increase in the minimum wage leads to a 10 percent increase in the likelihood of exit for a 3.5-star restaurant (which is the median rating on Yelp), but has no discernible impact for a 5-star restaurant (on a 1 to 5 star scale). We expand the analysis to look at prices using data from delivery orders, and find that lower rated restaurants also increase prices in response to minimum wage increases. Our analysis also highlights how digital data can be used to shed new light on labor policy and the economy.
主题	Econometrics ; Data Collection ; Labor Economics ; Labor Compensation ; Industrial Organization ; Firm Behavior
URL	https://www.nber.org/papers/w25806
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/583479
推荐引用方式 GB/T 7714	Dara Lee Luca,Michael Luca. Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit. 2019.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w25806.pdf（223KB）	智库出版物		限制开放	CC BY-NC-SA	浏览