KDI 한국개발연구원 - 경제정책정보 - 국내외연구자료 주제 - 지역경제 - 미국·미주 -



유관기관의 다양한 자료를 한 곳에서 살펴보실 수 있습니다.


The Impact of the Minimum Wage on Firm Exit: Evidence From Yelp Data

CATO 2017.07.28
The minimum wage has recently reentered the forefront of policy discourse, with federal proposals ranging from leaving the minimum wage as it is or increasing it to $10.10 or even $15 per hour. While the federal minimum wage has remained stagnant since 2009, states-and more recently, cities-have increasingly set local minimum wages above the federal mandate of $7.25. In the San Francisco Bay Area alone, 21 local minimum-wage changes have occurred during the past decade. Our research investigates the impact of the minimum wage on restaurant closures, using data from the San Francisco Bay Area. We present two main findings. First, restaurants with the worst reputations, as proxied by their ratings on the review platform Yelp, are more likely to exit at any minimum wage level. Second, lower-rated restaurants are disproportionately affected by minimum-wage increases. In other words, the impact of the minimum wage on exit is more pronounced among lower-rated restaurants.

가입하신 이동통신사의 요금제에 따라
데이터 요금이 과다하게 부가될 수 있습니다.

파일을 다운로드하시겠습니까?
KDI 연구 카테고리