G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w28314
来源IDWorking Paper 28314
The Impact of COVID-19 on US Firms
Nicholas Bloom; Robert S. Fletcher; Ethan Yeh
发表日期2021-01-25
出版年2021
语种英语
摘要We use survey data on an opt-in panel of around 2,500 US small businesses to assess the impact of COVID-19. We find a significant negative sales impact that peaked in Quarter 2 of 2020, with an average loss of 29% in sales. The large negative impact masks significant heterogeneity, with over 40% of firms reporting zero or a positive impact, while almost a quarter report losses of more than 50%. These impacts also appear to be persistent, with firms reporting the largest sales drops in mid-2020 still forecasting large sales losses a year later in mid-2021. In terms of business types, we find that the smallest offline firms experienced sales drops of over 40% compared to less than 10% for the largest online firms. Finally, in terms of owners, we find female and black owners reported significantly larger drops in sales. Owners with a humanities degree also experienced far larger losses, while those with a STEM degree saw the least impact.
主题Macroeconomics ; Labor Economics ; Industrial Organization ; COVID-19
URLhttps://www.nber.org/papers/w28314
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/586029
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GB/T 7714
Nicholas Bloom,Robert S. Fletcher,Ethan Yeh. The Impact of COVID-19 on US Firms. 2021.
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