G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26989
来源IDWorking 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
URLhttps://www.nber.org/papers/w26989
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584661
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Alexander W. Bartik,Marianne Bertrand,Zoë B. Cullen,et al. How Are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey. 2020.
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