Understanding the impact of COVID-19 intervention policies on the hospitality labor market

被引:97
作者
Huang, Arthur [1 ]
Makridis, Christos [2 ]
Baker, Mark [1 ]
Medeiros, Marcos [1 ]
Guo, Zhishan [3 ]
机构
[1] Univ Cent Florida, Rosen Coll Hospitality Management, Orlando, FL 32819 USA
[2] Arizona State Univ, MIT Sloan Sch Management, Tempe, AZ 85287 USA
[3] Univ Cent Florida, Dept Elect & Comp Engn, Orlando, FL 32816 USA
基金
美国国家科学基金会;
关键词
COVID-19; Labor market; Employment; Intervention policy; Hospitality industry; ECONOMIC-IMPACT; TOURISM;
D O I
10.1016/j.ijhm.2020.102660
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页数:9
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