Luca, Dara Lee; Luca, Michael - 2017
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 … 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 …