Corpus ID: 88513040

Only the Bad Die Young: Restaurant Mortality in the Western US

@article{Luo2014OnlyTB,
  title={Only the Bad Die Young: Restaurant Mortality in the Western US},
  author={T. Luo and Philip B. Stark},
  journal={arXiv: Applications},
  year={2014}
}
Do 9 out of 10 restaurants fail in their first year, as commonly claimed? No. Survival analysis of 1.9 million longitudinal microdata for 81,000 full-service restaurants in a 20-year U.S. Bureau of Labor Statistics non-public census of business establishments in the western US shows that only 17 percent of independently owned full-service restaurant startups failed in their first year, compared with 19 percent for all other service-providing startups. The median lifespan of restaurants is about… Expand

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