Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit
---- Acknowledgments ----
We thank Sylvia Allegretto, Susan Athey, Carl Bialik, Weijia Dai, Arindrajit Dube, Edward Glaeser, Hilary Hoynes, Larry Katz, Hyunjin Kim, Alan Krueger, Kevin Lang, Luther Lowe, Michael Reich, Andrei Shleifer, Paul Wolfson, and seminar participants at the AEA conference, UC Berkeley, Boston University, Stanford University, Dartmouth College, NBER Productivity Seminar, University of Utah, Princeton University, SUNY Albany, Society of Labor Economists Conference, and University of New South Wales, for valuable feedback. We thank Stephanie Chan for providing excellent research assistance for this project. Outside of their academic work, the authors have done consulting for tech companies, including Yelp. Data was provided by Yelp. The ability to publish was not tied to the results of this analysis. All analyses, conclusions, and errors herein are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.