Basker, Emek - EconWPA - 2003
This paper estimates the effect of Wal-Mart expansion on retail employment at the county level. Using an instrumental …-Mart entry increases retail employment by 100 jobs in the year of entry. Half of this gain disappears over the next five years as … employment declines by approximately 20 jobs due to Wal-Mart's vertical integration. No spillover effect is detected in retail …