Do Startup Employees Earn More in the Long Run?

All authors contributed substantially to the paper. Authorship order simply represents a reverse alphabetical assignment. The authors thank Paul Gertler, Olenka Kacperczyk, Petra Moser, Jesper Sørensen, Kim Weeden, Rebecca Zarutskie, three anonymous referees, and the participants of seminars at Boston University, Columbia, Copenhagen Business School, Duke, Gothenberg University, Harvard Business School, INSEAD, McGill, the National Bureau of Economic Research, Oxford, Stanford, the University of California Berkeley, the University of California Los Angeles, the University of Mannheim, the University of Michigan, and Yale for their comments on earlier versions of this paper.