Inequality in the Impact of the Coronavirus Shock: Evidence from Real Time Surveys

Geographic spread of COVID‐19 and local economies: Heterogeneous effects by establishment size and industry

“…Again, these industries require face‐to‐face contact to run their businesses. Adams‐Prassl et al (2020) and Papanikolaou and Schmidt (2020) also find that COVID‐19 has strong adverse effects on employment in these industries. While the magnitude is relatively small, regional COVID‐19 outbreaks also negatively affect other industries, such as ICT services.…”

“…In Section 6.1, we have seen that at least one establishment outcome in these industries is also strongly affected. The effect on the number of UB applicants is the most substantial in the lodging & restaurant industry, where work at home is known to be most difficult (Adams-Prassl et al, 2020).…”

“…To comprehensively understand the impact of COVID‐19 on the local economy, we investigate to what extent the COVID‐19 effects are heterogeneous by industry. We find that the regional spread of COVID‐19 affects both establishment and employment outcomes negatively in industries that require face‐to‐face operations or where work from home is relatively difficult, such as lodging & restaurant and leisure (Adams‐Prassl et al, 2020; Barrero et al, 2020; Papanikolaou & Schmidt, 2020). By contrast, only employment outcomes are affected in the information and communications technology (ICT) service industry.…”

Reproductive Health and Coronavirus Disease 2019–Induced Economic Contracture: Lessons From the Great Recession

“…1 The U.S. Bureau of Labor Statistics reported that in April 2020 alone, women accounted for 55% of the 20.5 million jobs lost in the United States and that job loss was more prevalent and occurred at a more rapid rate for women than for men. 1 A study by Adams-Prassl et al 3 found that in the United States, women faced a higher likelihood than men of losing their jobs or reporting lower earnings during the pandemic in comparable jobs, even when controlling for characteristics such as college degree.…”

The more things change, the more they stay the same: Demand‐side responses to economic shocks

“…How firms respond to economic dislocations such as recessions have received increased scholarly attention in recent years (Agarwal et al, 2009; Bakonyi & Muraközy, 2019; Brown et al, 2019; Garcia‐Sanchez et al, 2014; Paik & Woo, 2014), and this trend has been further amplified by the current COVID‐19 crisis (Adams‐Prassl et al, 2020; Baker et al, 2020; Foss, 2020; Nagarajan & Sharma, 2021). Results from this research stream provide valuable insights into how firm characteristics such as size, age, industry membership (Knudsen, 2019; Nason & Patel, 2016; Varum & Rocha, 2013), and contextual factors such as reduced access to credit and/or changes in factor prices (Campello et al, 2010; Campello et al, 2011; Knudsen & Lien, 2019; Paik & Woo, 2014; Polat & Nisar, 2013) impact a firm's ability to craft a strategic response to the central problem facing almost all firms during any economic crisis—an overall decline in demand for goods and services.…”