Understanding the impact of COVID-19 intervention policies on the hospitality labor market
Understanding the impact of COVID-19 intervention policies on the hospitality labor market
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DOI:
10.1016/j.ijhm.2020.102660
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发表时间:
2020-10-01
影响因子:
11.7
通讯作者:
Guo, Zhishan
中科院分区:
文献类型:
--
作者:
Huang, Arthur;Makridis, Christos;Guo, Zhishan
Using new high-frequency data that covers a representative sample of small businesses in the United States, this study investigates the effects of the COVID-19 pandemic and the resulting state policies on the hospitality industry. First, business closure policies are associated with a 20-30% reduction of non-salaried workers in the food/drink and leisure/entertainment sectors during March-April of 2020. Second, business reopening policies play a statistically significant role in slowly reviving the labor market. Third, considerable differences exist in the impact of policies on the labor market by state. Fourth, the rise of new COVID-19 cases on a daily basis is associated with the continued deterioration of the labor market. Lastly, managerial, practical, and economic implications are described.