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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w26989 |
来源ID | Working Paper 26989 |
How Are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey | |
Alexander W. Bartik; Marianne Bertrand; Zoë B. Cullen; Edward L. Glaeser; Michael Luca; Christopher T. Stanton | |
发表日期 | 2020-04-13 |
出版年 | 2020 |
语种 | 英语 |
摘要 | In addition to its impact on public health, COVID-19 has had a major impact on the economy. To shed light on how COVID-19 is affecting small businesses – and on the likely impact of the recent stimulus bill, we conducted a survey of more than 5,800 small businesses. Several main themes emerge from the results. First, mass layoffs and closures have already occurred. In our sample, 43 percent of businesses are temporarily closed, and businesses have – on average – reduced their employee counts by 40 percent relative to January. Second, consistent with previous literature, we find that many small businesses are financially fragile. For example, the median business has more than $10,000 in monthly expenses and less than one month of cash on hand. Third, businesses have widely varying beliefs about the likely duration of COVID related disruptions. Fourth, the majority of businesses planned to seek funding through the CARES act. However, many anticipated problems with accessing the aid, such as bureaucratic hassles and difficulties establishing eligibility. |
主题 | Macroeconomics ; Fiscal Policy ; Health, Education, and Welfare ; Health ; Industrial Organization ; Firm Behavior ; COVID-19 |
URL | https://www.nber.org/papers/w26989 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584661 |
推荐引用方式 GB/T 7714 | Alexander W. Bartik,Marianne Bertrand,Zoë B. Cullen,et al. How Are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey. 2020. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w26989.pdf(789KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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