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

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% reducti...

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Autores principales: Huang, Arthur, Makridis, Christos, Baker, Mark, Medeiros, Marcos, Guo, Zhishan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2020
Materias:
Research Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7455155/
https://www.ncbi.nlm.nih.gov/pubmed/32904433
http://dx.doi.org/10.1016/j.ijhm.2020.102660
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author Huang, Arthur
Makridis, Christos
Baker, Mark
Medeiros, Marcos
Guo, Zhishan
author_facet Huang, Arthur
Makridis, Christos
Baker, Mark
Medeiros, Marcos
Guo, Zhishan
author_sort Huang, Arthur
collection PubMed
description 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.
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spelling pubmed-74551552020-08-31 Understanding the impact of COVID-19 intervention policies on the hospitality labor market Huang, Arthur Makridis, Christos Baker, Mark Medeiros, Marcos Guo, Zhishan Int J Hosp Manag Research Paper 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. Elsevier Ltd. 2020-10 2020-08-28 /pmc/articles/PMC7455155/ /pubmed/32904433 http://dx.doi.org/10.1016/j.ijhm.2020.102660 Text en © 2020 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Research Paper
Huang, Arthur
Makridis, Christos
Baker, Mark
Medeiros, Marcos
Guo, Zhishan
Understanding the impact of COVID-19 intervention policies on the hospitality labor market
title Understanding the impact of COVID-19 intervention policies on the hospitality labor market
title_full Understanding the impact of COVID-19 intervention policies on the hospitality labor market
title_fullStr Understanding the impact of COVID-19 intervention policies on the hospitality labor market
title_full_unstemmed Understanding the impact of COVID-19 intervention policies on the hospitality labor market
title_short Understanding the impact of COVID-19 intervention policies on the hospitality labor market
title_sort understanding the impact of covid-19 intervention policies on the hospitality labor market
topic Research Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7455155/
https://www.ncbi.nlm.nih.gov/pubmed/32904433
http://dx.doi.org/10.1016/j.ijhm.2020.102660
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