| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27629 |
| 来源ID | Working Paper 27629 |
| Small Business Survival Capabilities and Policy Effectiveness: Evidence from Oakland | |
| Robert P. Bartlett III; Adair Morse | |
| 发表日期 | 2020-08-03 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Using unique City of Oakland data during COVID-19, we document that small business survival capabilities vary by firm size as a function of revenue resiliency, labor flexibility, and committed costs. Nonemployer businesses rely on low cost structures to survive 73% declines in own-store foot traffic. Microbusinesses (1-to-5 employees) depend on 14% greater revenue resiliency. Enterprises (6-to-50 employees) have twice-as-much labor flexibility, but face 11%-to-22% higher residual closure risk from committed costs. Finally, inconsistent with the spirit of Chetty-Friedman-Hendren-Sterner (2020) and Granja-Makridis-Yannelis-Zwick (2020), PPP application success increased medium-run survival probability by 20.5%, but only for microbusinesses, arguing for size-targeting of policies. |
| 主题 | Macroeconomics ; Fiscal Policy ; Financial Economics ; Corporate Finance ; Public Economics ; Taxation ; Labor Economics ; Unemployment and Immigration ; Industrial Organization ; Firm Behavior ; COVID-19 |
| URL | https://www.nber.org/papers/w27629 |
| 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/585301 |
| 推荐引用方式 GB/T 7714 | Robert P. Bartlett III,Adair Morse. Small Business Survival Capabilities and Policy Effectiveness: Evidence from Oakland. 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 | ||
| w27629.pdf（750KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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