Neumark, David; Zhang, Junfu; Ciccarella, Stephen M. - 2021
We estimate the effects of Wal-Mart stores on county-level retail employment and earnings, accounting for endogeneity … employment results indicate that a Wal-Mart store opening reduces county-level retail employment by about 150 workers, implying … retail employment. The payroll results indicate that Wal-Mart store openings lead to declines in county-level retail earnings …