Gentrification and Pioneer Businesses

We thank the three referees who reviewed this paper and the editor Amit Khandelwal for their very helpful comments. We further thank our discussants Felipe Carozzi, David Cuberes, Amy Schwartz, Coen Teulings, and Victor Ye, as well as Bocar Ba, Nate Baum-Snow, Victor Couture, Jessie Handbury, Rachel Meltzer, Yasusada Murata, Amine Ouazad, Seyhun Sakalli, and participants at various conferences and seminars for constructive comments and suggestions. We especially thank Stuart Rosenthal for sharing his floor-level data with us. Alek Racicot provided able research assistance. We gratefully acknowledge financial support from the SSHRC Insight Grants program (“Cities in motion,” grant #435-2016-1246). Behrens gratefully acknowledges financial support from the CRC Program of SSHRC for the funding of the Canada Research Chair in Regional Impacts of Globalization. We acknowledge the support of the HSE University Basic Research Program. Martin acknowledges financial support from UQAM for the funding of the UQAM research chair on the local impact of multinational firms. Any remaining errors are ours. The views expressed in this paper are those of the authors and do not necessarily represent the views of Statistics Canada or the Government of Canada.

A supplemental appendix is available online at https://doi.org/10.1162/rest_a_01154.